“Family limited partnerships (and similar entities), while useful in an estate planning strategy for high-net-worth clients, are often hotly contested by the IRS for their
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The Worst Estate Planning Mistakes by Celebs in 2016
A wealthmanagement.com article, “Top Four Estate Disputes of 2016,” gives us a sampling of some of the major estate planning issues among the recently passed
Michigan State Grad and Employee Gives Back through Estate Planning
Valarie Montgomery may have retired from overseeing Michigan State’s financial operations, but she used her estate plan with her husband Mark to leave a legacy
Farm and Ranch Families May Get Help with New Legislation
Proposed estate tax repeal legislation has been introduced in Congress that would assist farm and ranch families with the challenges of passing their family businesses
The Time for Estate Planning is now
The (Dodge City, KS) High Plains Journal, in “Estate planning is for everyone,” notes that people spend a lifetime working and building an estate to
It’s Okay, an Intentionally Defective Grantor Trust is Legal
Don’t worry; this is a totally legal and valid trust. The “defective” part only describes the fact that it’s not valid for income tax shifting
No Estate Planning Means Prince’s Estate Hit with 50% Tax
Prince’s estate has just a few days left to file an estate tax payment, and the taxes are expected to ultimately take nearly half the
Estate Planning for Those Who Will Live to Be Over 100
With advances in medical technology, it’s increasingly possible to live a long and active life. Experts in longevity planning use advanced medical testing to create
Changes to Estate and Income Tax Now Effective in the Garden State
Recently effective legislation in New Jersey adjusts the amount of retirement income excluded from the state's income tax, doubling that amount to $40,000. An increase
Time to Review your Financial Planning
Business Insider’s recent article, “A financial adviser shares a 5-step checklist to complete before the end of 2016,” notes that many folks spend more time
Happy Belated 100th Birthday, Estate Tax!
Both President-Elect Trump and the Republicans in the House of Representatives have proposed to end the estate tax. Started in 1916, the tax was first
Gifting Can Be a Smart Estate Planning Tool
As CBS Boston explains in “Our Families: Giving It Away,” your federal estate tax exemption, or the amount you can give away tax free when
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