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 …
The tax proposals included in President Obama’s fiscal 2013 budget released February 13 would largely end the Bush tax cuts for higher-income earners and tax dividends as ordinary income, a reform that would raise $1.5 trillion over 10 years. Qualified Dividends As previously expected, the revenue raisers would focus on upper-income households earning more than …
President Obama’s new budget proposal calls for returning the estate tax in 2013 to its 2009 level: a $3.5 million estate and generation skipping tax exemption per person, a $1 million per person gift tax exemption, and a 45% rate. President Obama’s December 2010 deal with Republicans raised the estate, gift, and GST exemptions to …
