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Creditor General Powers of Appointment
What are the tax considerations if state law limits appointive property to the underlying debt for GPAs? Basis optimization for credit shelter and irrevocable trusts often involves granting the trust...
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Expatriation as an Out-of-Body Experience: Part II
Pitfalls and planning for the dreaded U.S. inheritance tax In Part 1 of our article, which appeared in the November 2019 issue of Trusts & Estates, we began our discussion of the U.S. inheritance...
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The Successful Sale of Your Estate-Planning Law Practice
Proactive steps to maximize your firm’s value to a prospective buyer. There comes a time in nearly everyone’s career when the thought of a permanent vacation from the practice of law outweighs a...
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Social Media Professional Development
What lawyers and law firms need to know. Social media is inevitable. Once reserved for college students, social media is now part of everyday life, not only for recreation but also for business...
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Ethical Considerations in the Sale or Merger of a Law Practice
Details may vary from state to state. As many lawyers are keenly aware, the practice of law—especially, it seems, after the Great Recession—is a highly competitive business pursuit. The desire to...
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AI and the World of Estate Planning
Artificial intelligence symbolizes both a promise and a threat. The term “artificial intelligence” and its initialism, “AI”, appears thousands of times a day in the media and advertising. Should the...
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Incorporating Technology Into Your Practice
Make your firm more efficient, profitable and rewarding. Technology has and continues to change estate-planning practices. At this juncture, many firms are largely paperless, cloud-based practices,...
View ArticleFebruary 2020 Issue
Program Trusts & Estates Primary category Trusts & Estates Publish Date Jan 30, 2020 Gating level paid premium Promote in Site List Promote in RSS: Promote in Google News: Syndicate: Target...
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Tips From the Pros: Assessing the Proper Role of Portability
Charles A. Redd compares portability to the traditional credit shelter trust model.One of the most important aspects of the 2012 Tax Act1 for estate-planning professionals is that it made portability...
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Double Down on Section 1202
How to get extra tax savings from the sale of QSB stock. On Jan. 11, 1999, the very first day I began practicing law, the federal estate tax applicable exclusion amount (the exemption) was a modest...
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A Royal Pain?
How longevity and changing family dynamics can make sprinkle trusts more complex. Imagine, for a moment, the following: Your clients, George and Elizabeth, have decided to update their documents....
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Why Every Private Client Lawyer Needs to Befriend a Securities Lawyer
Bridge the information gap when managing the liquidity for global families. Jamie left her lawyer’s office with a great sense of relief. She’d just signed a new trust deed, created after months of...
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Estate Planning for Mixed Nationality Families
Optimize the global balance sheet. Increasingly, marriages and families span international borders with different mixes of citizenships and national origins. High profile cases such as Prince Harry’s...
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Using Trusts to Protect Investments Made Abroad
This concept gets a new lease on life. Does the use of trusts allow clients to efficiently protect investments made abroad against adverse actions of foreign states? While the trust concept existed in...
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Charitable Planning Before the Sale of a Business
Avoid tax traps that get in the way of a successful gift. Charitable planning in advance of the sale of a closely held business sounds like an effective way to minimize income taxes. The business...
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Avoiding Prying Eyes in Family and Closely Held Business Communications
Take steps to help clients reduce the risk of disclosing private information. Businesses of all kinds must be vigilant to protect from prying eyes those communications that could reveal business...
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How Demographic Changes Impact Family Enterprises
The combination of economic and emotional systems create challenges. The demographics of the American family have significantly changed since the 1960s, especially in the past 20 years.1 Age,...
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Planning strategies for Fine Art & Collectibles: Managing the Disposition of...
Planning strategies for Fine Art & Collectibles: Managing the Disposition of Art Collections Join us for an exclusive networking evening & panel An evening event with industry experts...
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[TE Non Subscribers] How to get Published in Trusts & Estates and on...
Thursday, March 12, 2020 | 2:00 PM Eastern Daylight Time Have you been bitten by the writing bug? Learn the steps you need to take to get your articles published in our journal or on our website....
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Double Down on Section 1202
How to get extra tax savings from the sale of QSB stock. On Jan. 11, 1999, the very first day I began practicing law, the federal estate tax applicable exclusion amount (the exemption) was a modest...
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