November 2009 | Law Firm of Jeffrey Burr

Update on Estate Tax Reform Bills

Posted on November 24, 2009 by Law Firm of Jeffrey Burr

Below is a summary of the most recent bills introduced in late October and November of 2009 that would have an impact on the Federal Estate Tax as we now know it. As the law currently stands the Federal Estate Tax is set to be eliminated for estates in 2010, with a sunset of prior […]

Morris Named “Rising Star” — Congratulations Bob!

Posted on November 20, 2009 by Law Firm of Jeffrey Burr

Robert L. Morris, an associate attorney at Jeffrey Burr, was named to the list of 2009 Mountain States Rising Stars, by the publication Super Lawyers. This publication recognizes the top up-and-coming attorneys in each state-those who are 40 years old or younger, or who have been practicing for 10 years or less. The selection […]

IRS Rules on Domestic Asset Protection Trust

Posted on November 20, 2009 by Law Firm of Jeffrey Burr

On October 30, 2009, the IRS released Private Letter Ruling (PLR) 200944002, wherein the IRS privately ruled that a self-settled spendthrift trust, from the State of Alaska, was not includable in the settlor’s gross estate merely because the terms of the trust allowed the settlor to receive, in the discretion of the trustee, distributions of […]

Happy Thanksgiving!

Posted on November 19, 2009 by Law Firm of Jeffrey Burr

** Borrowed from Glick, Utah Bar Journal, Volume 22 N. 6 Nov/Dec 2009, pg.24.

December AFRs Announced

Posted on November 18, 2009 by Law Firm of Jeffrey Burr

For the month of December 2009 the Applicable Federal Rates (AFRs) are as follows: For this same period, the Section 7520 Rate will be 3.2%. To go directly to the IRS’ publication, please visit the following website: http://www.irs.gov/pub/irs-drop/rr-09-38.pdf. If you have further questions please contact us at 702-433-4455 or visit our homepage at https://jeffreyburr.com/.

Avoid Termination of S Status by Curing Disproportionate Distributions After the Fact

Posted on November 16, 2009 by Law Firm of Jeffrey Burr

On October 30, 2009, the IRS released Private Letter Ruling (PLR) 200944018, wherein the IRS privately ruled that in the year following a disproportionate distribution from an S corporation, such disproportionate distribution could be cured to avoid the inadvertent termination of the corporate S election. Even though the curing measure in the following year resulted […]

News Flash: Congress may yet enact estate tax legislation in 2009

Posted on November 16, 2009 by Law Firm of Jeffrey Burr

On October 14, 2009, House Ways and Means Committee Chairman Charles Rangel (D-NY) indicated his committee was considering moving forward on estate tax reform. Then on October 22, 2009, Mr. Rangel said he was working on 2009 legislation to make estate tax legislation permanent. These legislative options will likely be discussed at the Democrats’ next […]

We not only blog, we plan estates, too!

Posted on November 16, 2009 by Law Firm of Jeffrey Burr

Our firm includes a team of attorneys who handle estate planning, probate, trust administration and guardianship matters, and twenty members who make up our dedicated support staff. Our entire team is dedicated to helping our clients find the very best legal solutions for their legal concerns, and our knowledgeable paralegals help keep our fees down […]