Tax, Estate, Trust, Real Estate, Business and Corporate Issues

  • Last Year for Favorable Tax Planning Strategies For Estate And Gift Taxes


    2012 will be the last year where the transfer of wealth between family members will increase dramatically because of the $5 million lifetime gift tax exclusion per person, or $10 million between couples under current law. I have referred to the additional $4 million as “Monopoly money” from Congress due to this unexpected increase for […]

  • Solving Gifting Procrastination for 2012


    The once-in-a-lifetime opportunity to gift $5 million without gift or GST tax will close on December 31, 2012.  As of January 1, 2013, the gift tax exclusion will revert to $1 million and the gift and estate tax rate will revert to 55%, unless Congress takes action. Given the extremely partisan election year politics, it […]