Estate and Gift Tax Planning

Passing on Assets Outside of Probate: PODs and TODs

Posted on: June 5th, 2015
For a variety of reasons, people sometimes want some or all of their assets to pass directly to specific individuals upon their deaths, outside of probate. One way to accomplish this is to set up a “payable on death” (POD) account for money in a bank account or a “transfer on death” (TOD) account if funds are in a brokerage account....

5 Family Gifting Strategies

Posted on: May 22nd, 2014
While many popular gifting strategies involve charities, gifting to family members can be equally rewarding. Here are a few easy approaches that can reduce or avoid taxes, and are also effective wealth transfer techniques....

New Private Letter Ruling Breathes Life into Nevada Incomplete Gift Non-Grantor Trusts

Posted on: April 18th, 2013
PLR 201310002 (released March 8, 2013) is great news for taxpayers wishing to use a very powerful tax-planning strategy. Taxpayers in high tax states with large unrealized capital gains or a regular stream of ordinary income from an investment portfolio have always wanted to find a way to eliminate or minimize their state tax exposure without giving up the economic benefit of the underlying assets. Over time, such a strategy could produce dramatic results. ...

Net Unrealized Appreciation: The Untold Story

Posted on: March 17th, 2013
If you participate in a 401(k), ESOP, or other qualified retirement plan that lets you invest in your employer's stock, you need to know about net unrealized appreciation--a simple tax deferral opportunity with an unfortunately complicated name....

Estate Tax After the Fiscal Cliff

Posted on: March 16th, 2013
After threatening to go over the fiscal cliff, the gift tax, estate tax, and generation-skipping transfer (GST) tax have come in for a soft landing. ...

There's Still Time to Contribute to an IRA for 2012

Posted on: March 14th, 2013
There's still time to make a regular IRA contribution for 2012! You have until your tax return due date (not including extensions) to contribute up to $5,000 for 2012 ($6,000 if you were age 50 by December 31, 2012). For most taxpayers, the contribution deadline for 2012 is April 15, 2013. ...
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