September 2010 - Law Firm of Jeffrey Burr

To File or Not to File: Is it Necessary to File a Federal Estate Tax Return This Year?

Posted on September 23, 2010 by Law Firm of Jeffrey Burr

We are now nine months into 2010 and many of the same questions facing estate planners and their client earlier this year in January are still unanswered. Will we see estate tax legislation prior to 2011 preventing a return to a pre-EGTRRA tax regime? Will that legislation affect the current estate tax environment and provide […]

The Value of Retaining an Experienced Tax Professional

Posted on September 14, 2010 by Law Firm of Jeffrey Burr

An interesting case recently was reported concerning valuation of assets within a corporation upon a person’s death and the estate tax deduction applicable to the taxes which the heirs will ultimately pay upon the sale of those assets. Here’s the problem: When a person dies with a corporation which has assets, e.g. real estate, […]

Danger to Trustee: Potential Challenge to Validity of Trust

Posted on September 2, 2010 by Law Firm of Jeffrey Burr

Most people in this day and age establish a revocable trust during their lifetime that becomes irrevocable upon their death. When the Trustor dies, beneficiaries of the Trust, of course, want to receive their share of the Trust as soon as possible after the death occurs. However, the Trustee obviously does not want to distribute […]