Dear Clients and Friends: A third in a series to clients and friends, this report explains the status of competing tax reform proposals and what appears to be a pivot by President Biden away from former Democrat senator colleagues (Bernie Sanders) . It addresses planning in light of imminent reform, and offers some prognostications- educated …
COMPETING TAX REFORM PROPOSALS (FINAL IN THE SERIES) Read More »
Dear Clients and Friends: Since our alert last week concerning the For the 99.5% Act introduced by Senator Sanders (D-Vt) and Whitehouse (D-RI) that increases the estate, gift, and generation skipping taxes, Senator Chris Van Hollen (D-Md), joined by Senators Cory Booker (D-NJ), Sanders, Whitehouse, and Elizabeth Warren (D-Mass), have introduced the Sensible Taxation and …
FURTHER ESTATE AND GIFT TAX REFORM (2ND IN THE SERIES) Read More »
Dear Clients and Friends: We knew it was coming, but the scope and timing has been and remains unclear. Yesterday, March 25, 2021, Senator Bernie Sanders (VT) and Senator Sheldon Whitehouse (RI) introduced the ”For the 99.5% Act” which will likely become the cornerstone of the estate, gift and GSTT provisions of the 2021 landmark …
See also the IRS Hurricane Irma Information Center IR-2017-150, Sept. 12, 2017 WASHINGTON –– Hurricane Irma victims in parts of Florida and elsewhere have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today. Today’s relief parallels that granted last month to victims …
We are pleased to announce that the Firm has been selected by Advent® as one of two Beta Sites for the testing of their new Advent Direct cloud based investment oversight, performance, and reporting system. We have been a user of Advent Axys® for over seven years as a subpart of our client centric Wealth …
Decision is Consistent with Recent Florida Decision In a unanimous decision, the Supreme Court ruled June 12th that “inherited IRAs” are not exempt from creditors (which would include the ex-spouses of our children and grandchildren of a divorce), and are not excluded as “retirement funds” exempt from creditor claims in a bankruptcy. Clark v. Rameker , 573 …
SUPREME COURT DECISION INK’S IT: INTEGRATE IRAs WITH TRUSTS! Read More »
Court Blesses Strategy to Preserve Homestead Benefits After QPRT Term Expires In a case of first impression, the Martin County circuit court and Judge Mirman ruled in favor of the Firm’s client on summary judgment, finding that homestead qualification remains uninterrupted when children follow a proper strategy of granting their parents the right to live …
FIRM OBTAINS SUMMARY JUDGMENT ON HOMESTEAD CASE OF FIRST IMPRESSION Read More »
As Warned, the Greenbook is Still on His Agenda As warned in our recent Client Update newsletter ( Newsletter Spring 2013 ), President Obama may seek to close exceptions to normal rules in a stance that he may argue isn’t a further increase in revenues that Republicans have said are off the table. Many of these are …
