Insights

After a decade of uncertainty, on December 17, 2010, Congress passed the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (the “Act”). The Act provides guidance to taxpayers for tax years 2010 through 2012 and presents planning opportunities during this period of time. Reminiscent of the past…

December 21, 2010 – In January we advised you that the federal estate tax was repealed for deaths occurring in 2010 and that the federal generation-skipping transfer (“GST”) tax was repealed for testamentary and lifetime transfers occurring in 2010. We also highlighted certain planning opportunities that appeared to exist in…

So you have moved or retired to warm, sunny Florida and made a new “home” – or have you? The technical answer to this question is significant, as it can affect your estate planning, tax liabilities, and other financial matters. Each year, thousands of people relocate to Florida, intending to…

As you might have heard, there is currently quite a bit of confusion surrounding the federal estate, gift and generation-skipping transfer (“GST”) tax laws. As of January 1, 2010, new rules became effective for those taxing regimes. However, the impact of these new rules remains uncertain because there is a…