588 results found

The federal Corporate Transparency Act ("CTA") will become effective January 1, 2024. Any entity created by a filing with a Secretary of State or similar office under the laws of a state or Native American tribe...

On June 17, the Attorneys for Family Held Enterprises (AFHE) held a midyear conference in New York City.

With 2022 almost in the rearview mirror, this is the perfect time to wrap up planning for this year and start preparing for 2023. Matters such as gift tax exemption changes, retirement legislation...

A recent article in the Real Property, Trust and Estate Law Journal [Volume 50, Number 2, Fall 2015] discussed the phenomena of grantors of trusts "increasingly naming trust protectors, particularly for a trust that may endure for many years...."

The Murdoch Family Trust litigation is making news again. Media organizations sought access to the proceedings and access to court filings in the case.

A new law will go into effect Nov. 1 which will level the playing field for the acquisition of operational equipment, supplies and services by governmental entities.

The IRS Section 7520 rate will remain at 2.8% for June.

On December 9, 2015, House Bill 229 was passed by the Ohio House of Representatives by a vote of 84-8.

As we near tax season, below are some tips for CPAs when planning and preparing tax returns for trusts, along with a link to an upcoming webinar on this very topic.

Something labeled “defective” usually does not work properly. The intentionally “defective” grantor trust, or “IDGT,” however, is a proven workhorse for tax-efficient business succession planning. A carefully planned and executed IDGT transaction enables business owners to transfer significant value in trust for the benefit of younger generations, with remarkable tax efficiency, while retaining control over the business. Two seemingly contradictory tax attributes of the IDGT underlie its tax efficiency.

Throughout 2021, Congress and the Executive Branch proposed tax code changes that – had they ultimately passed – would have significantly changed various estate planning techniques.

The increased federal estate tax exemption under the One Big Beautiful Bill Act may have reduced the number of estates subject to federal estate tax, but for married New York residents, credit shelter trusts remain an important planning consideration.

The May Section 7520 rate for use in estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 4.4%, a sharp drop from the April rate of 5.0%.

Edward Kabala was featured in CNBC's article, "A matter of trusts: Benefactors, heirs and their advisors."

Because the estate tax exemption currently tops $5 million, fewer people need life insurance to provide their families with the liquidity to pay estate taxes.

Selecting the right trustee to administer the property you have placed in a trust is an important decision, and can be more difficult than choosing the executor who will administer your estate.

The choice of a chapter 11 operating trustee can provoke a fight.