Special Needs and Preventative Planning


  I recently attended a Special Needs Planning conference in which some of the industry’s best and brightest gathered to discuss the latest in this important area of law. Special Needs Planning deals with, among other things, planning for individuals who, whether by birth or some other incident (injury or illness), are mentally, physically, or […]
Read More

May AFRs Announced


For the month of May 2010 the Applicable Federal Rates (AFRs) are as follows: For this same period, the Section 7520 Rate will be 3.4%. To go directly to the IRS’ publication, please visit the following website: http://www.irs.gov/pub/irs-drop/rr-10-12.pdf.
Read More

The Big Fish


Central on the mind of estate planners around the country is the status of the federal estate tax. Firms around the country, including our own, have made changes to clients’ plans to take into consideration the possibility that if a client with an otherwise taxable estate were to pass away during 2010 prior to Congress […]
Read More

Estate Plans Come in All Sizes


Many times people will tell me they don’t need to prepare estate planning documents because they don’t have an “estate.” My response is simply, “you don’t have to have a significant amount of assets to need an estate plan.” Take a moment to ask yourself the questions below to see if you need to consider […]
Read More

Two More FLP Cases: Taxpayers Prevail Both Times


While litigation never ceases in the family limited partnership (“FLP”) area of tax law it is exciting to report on two recent taxpayer victories. First Victory—Estate of Samuel P. Black, (TC, Dec. 2009). In this case, the decedent set up an FLP—Black, LP—and then transferred stock in a corporation (“Erie”), which was also his employer, […]
Read More