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A transfer to a surviving spouse who is not a U.S. citizen will not qualify for the marital deduction. An exception is made, allowing the...

If one of the social purposes of taxing wealth per se is to prevent massive accumulations within families, this theoretically could be ...

Generally speaking a hardship distribution from a 401(k) can be made if there is an immediate and heavy financial need of the employee,...

In order to elect portability of the decedent's unused exclusion amount (deceased spousal unused exclusion (DSUE) amount) for the benefit...

How can tax planners and their clients meaningfully plan for a tax that may or may not be in place, in presently definable form, in the...

A will is a legal document that sets forth your wishes regarding the distribution of your property and the care of your minor children...

The insured buy-sell agreement is a good solution to the problem of close corporation management continuity. No other plan carries with...

A trust is a device for the management of property where one person, the grantor (sometimes called the settler, trustor or trust maker),...

Usually, when a taxpayer transfers assets to an irrevocable trust for the benefit of another person, the transferor pays gift tax on the...

Artists and collectors face unique estate planning considerations. Artists and collectors should keep a comprehensive inventory of their...

A charitable remainder trust is an irrevocable trust wherein the grantor/donor can effectively sell appreciated assets without immediate...

A qualified disclaimer is an irrevocable and unqualified refusal to accept an interest in property. Because the system of wealth transfer...

A durable power of attorney is a legal document that authorizes an individual to legally act on behalf of another individual. The...

If you are a citizen or resident of the United States, you must file a gift tax return (whether or not tax is due) if you gave gifts to...

Contrary to popular belief, no individual has a natural right to transfer property to others at his or her death.

To create the best estate plan for you and your family it is important that you work with a qualified attorney.

While future tax law changes are anyone's best guess, it's plausible that estate taxes may increase. If that turns out to be the case, gifti

What are the common reasons for restricting ownership of closely held stock?

There are nine community property states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin.

Under the CARES Act, RMDs for IRAs are waived for calendar year 2020.

Review your estate plan if any of the following events are applicable to your situation...