Georgiana J. Slade Esq. 9 posts 0 comments

Unless falling under an exception, exclusion or special rule, a generation-skipping transfer tax is imposed by IRC §2601 whenever property is transferred through or around one younger generation (such as the generation of the transferor's…

The funding of estate tax for an individual whose wealth is comprised, in significant part, of closely-held business interests often becomes the most critical factor in estate planning and administration. I.R.C. §6166 permits the estate of…

The best after-death or post-mortem estate planning will be accomplished if lifetime planning has been carefully considered and implemented. Post-mortem planning can reduce taxation and accomplish other goals. Opportunities to effect…

As the Federal and state governments impose much more onerous estate and inheritance tax laws, such as Chapter 14 of the Internal Revenue Code, it becomes more difficult, expensive and complex for property owners to arrange for the transfer…

Since the allowance of the unlimited marital deduction by the Economic Recovery Tax Act of 1981 ("ERTA"), a married person normally is able to postpone the imposition of estate tax until the death of the surviving spouse, by transferring…

As a result of the Tax Reform Act of 1976, the federal estate and gift tax systems were "unified." This unification produced three common features for the estate and gift tax system. First, the rates of taxation for lifetime gifts and…

Most estate planning involves decisions which may have significant financial consequences: e.g., the disposition of assets, the apportionment of taxes and the selection of the person or corporate entity who will manage the assets after the…

Where a substantial portion of a client's assets consists of real property or interests in real property, the planning of the estate involves a number of special considerations. Real estate is different because land, whether improved or…

Life insurance has always been important in estate planning for both tax and non-tax reasons. Traditionally, individuals have acquired life insurance to meet a variety of concerns;