On March 4, 2016, the IRS issued proposed and temporary regulations regarding the basis of property acquired from a decedent. The purpose of the regulations is to ensure that a recipient's basis in certain property acquired from a decedent is consistent with the value of the property as ultimately determined for federal estate tax purposes.
Questions about planning your estate? We've heard them all. Here a just a few of the most common questions asked.
When it comes to estate planning, large estates often call for particularly strategic planning. One flexible and powerful tool many estate planning professionals recommend to their clients is the irrevocable life insurance trust (ILIT). But, just where does the ILIT fit into the overall estate planning process?
While it has been said that life is not always fair, perhaps a more apt description would be that life is unequal in how it spreads the wealth.
Parents who would like to give property to their minor children may be unaware of their options regarding the ways in which property can be held for the benefit of their children.
In today’s modern world, managing your affairs has become even more complicated as issues involving health care and personal finances, which can arise during your lifetime, have become increasingly more important.
Estate planning for people in a second marriage takes on characteristics that are designed to keep one foot in two different worlds.
If you are an inventor, author, artist, or owner of a closely held business, you may have already taken steps to help protect your intellectual property rights.
Planning for a special needs child can be emotionally challenging and financially demanding, but with a solid plan in place, you can help ensure the best possible care for your child, both now and in the future.
Even if you are just starting to build your estate and do not need complex estate planning, there are several steps you should consider taking immediately in order to protect your family and to reduce expenses in the event of your death.
