Articles

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

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

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    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

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    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 […]