Legal Knowledgebase

This is a sample letter that can be adapted and sent to clients that discusses both the Corporate Transparency Act and the imminent sunset of the increased estate and gift tax exemption and what steps clients need to take.
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In their commentary, Martin M. Shenkman, Jonathan G. Blattmachr and Joy Matak provide their analysis of the Biden Administration’s Fiscal Year 2024 Revenue Proposals.
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Attached to this memorandum, InterActive Legal subscribers will find new proposed versions of the retirement benefits provisions that are included in InterActive Legal Wills, Revocable Trusts, and other specific trusts.  These proposed…
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This document is an analysis of the Proposed Regulations issued on February 23, 2022 for the SECURE Act prepared by the InterActive Legal Content Team.The memo is a preliminary guide to the Proposed Regulations meant to both explain the…
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This is an updated version of the sample client letter posted in April of 2021. This updated letter includes discussion of the Biden Administration's Green Book proposals, in addition to the discussion of the Sanders and Van Hollen…
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On March 29, 2021, Senator Sanders (Independent, VT) proposed a bill that, if enacted, would diminish substantially the effectiveness of the allocation of generation skipping transfer (GST) tax exemption to a trust that does not terminate…
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This document includes sample text that may be inserted in an irrevocable trust in order to create an initial trust for a single beneficiary, which then expands (or blossoms) into a trust for the grantor's spouse and/or descendants during…
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This form is offered as a starting template for client letter regarding the tax proposals introduced by Senators Sanders and Van Hollen in March of 2021.
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Given the current economy and the uncertainty of today’s political climate, many in the estate planning field have their eyes on Washington, D.C., looking to see if dramatic changes to the current transfer tax structure could be imminent.…
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This article examines the issues (good and bad) related to making an affirmative Code section 754 election to adjust the basis of assets held inside a partnership when a partnership interest is included in a decedent’s estate.  The…
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