Gift Tax

This article updates the earlier article on this topic. As that earlier article mentioned, one relatively common estate planning arrangement is for the grantor of a trust, which is a grantor trust with respect to him or her for income tax…

The importance of elder law planning has grown as the costs of long-term health care continue to spiral out of control and insurance companies continue to cover fewer and fewer of these needs. Failure to plan ahead may mean the loss of…

This article explores the gift tax consequences of an exchange of promissory notes between family members when interest rates have dropped from when the original or old note was issue to the present time when the new note is issued.

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…

Despite the care and "neutrality" with which an estate or gift tax return may be prepared, the practitioner eventually will experience a circumstance where the government's representative auditing the return (who will be an attorney-at-law…