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Analysis of SECURE Act Proposed Regulations
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…
Digital Asset Entanglement: Unraveling the Intersection of Estate Laws & Technology
Succession planning. As Sheona McDonald, documentary filmmaker who recently released Dead Man’s Switch: A Crypto Mystery, explains in her introduction to this new volume, “Gone are the days of an elderly relative, friend or spouse passing…
Updated Sample Client Letter re 2021 Tax Proposals – Including Green Book Proposals
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…
Protecting Your Client’s Digital After Life
Strictly speaking, digital assets are content that is stored in any electronic format. That could mean photos, videos, emails, spreadsheets or text. New digital formats are constantly emerging therefore the definition of a digital asset is…
Provision to Terminate Trust to Preserve GST Allocation
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…
Single Beneficiary or Blossom Trust
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…
Sample Client Letter re 2021 Tax Proposals
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.
Estate Planning Strategies When Using Exemptions – Ways to Act Now & Avoid Remorse Later
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.…
Death of a Partner and the New Basis Rules
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…
Elder Law – The Secret Ingredient for a Well-Rounded Estate Planning Practice
InterActive Legal is proud to bring together an expert panel, featuring NAELA member and founder of Elder Law College, Scott Solkoff, ACTEC fellow and recognized estate planning expert, Jonathan Blattmachr, and ACTEC Fellow and NAELA…
