Schumer Introduces Bill to Expand Charitable IRA Rollovers

Schumer Introduces Bill to Expand Charitable IRA Rollovers - PGDC ("... S. 1772, the Public Good IRA Rollover Act of 2013, which if passed would expand and extend without expiration the definition of tax-free IRA distributions made for charitable purposes for taxable years beginning after December 31, 2013")

Careful Estate Planning Required When Transferring S Corporation Shares to Trusts | JD Supra

Careful Estate Planning Required When Transferring S Corporation Shares to Trusts | JD Supra (JEH: Another situation where grantor trust status is generally desirable)

Trustees Holding Interests in the Family Business: Intersection of Shareholder and Member Rights and Fiduciary Duties | JD Supra

Trustees Holding Interests in the Family Business: Intersection of Shareholder and Member Rights and Fiduciary Duties | JD Supra

Ding Trusts – A Primer | JD Supra

Ding Trusts – A Primer | JD Supra (JEH: Overview of technique using DAPTs)

50th Annual Conference - NAEPC

50th Annual Conference - NAEPC (JEH: Please attend the National Association of Estate Planners & Councils' 50th Annual Conference. The schedule features many of the leading practitioners and professors in the estate planning area. Also, our Estate Law Specialist Board will offer a review course and administer the Estate Planning Law Specialist certification exam on Wednesday, November 20, 2013 at The Cosmopolitan of Las Vegas from 1:00 PM to 5:00 PM PST (review course and proctored exam). Click here for more information about the conference, including the review course and exam ("scales" icon in the right-hand navigation bar).)

Even After Death, Michael Jackson Has to Deal with the IRS | Business Law Section

Even After Death, Michael Jackson Has to Deal with the IRS | American Bar Association Business Law Section (JEH: This article mostly focuses on the valuation issues surrounding the Michael Jackson estate.)

Overtaxed and over there

Overtaxed and over there - The Economist (JEH: Due to the Foreign Account Tax Compliance Act (FATCA) of 2010, which becomes fully effective in 2014, many expatriates -- American citizens living abroad -- are renouncing their US citizenship because complying with FATCA and related laws/regulations has become more burdensome and often expensive, even though they owe no US taxes due to treaties and the higher tax burdens of the countries where they reside.)

The Benefits of Marital Deduction Planning — Even with Portability | JD Supra

The Benefits of Marital Deduction Planning — Even with Portability | JD Supra

RUBIN ON TAX

FLORIDA LAND TRUST REVISIONS–THE HIGHLIGHTS [FLORIDA] - RUBIN ON TAX (JEH: Chuck Rubin, Esq. discusses the "clean-up" effort to separate Florida land trusts, which generally only function as "title holding devices," and the various other trusts governed by the Florida Trust Code (FLA. STAT. ch. 736).)

Nonprofit Law Prof Blog

501(c)(4) Mess Update: A Memo, A Chart, IRS Responses, and 501(c)(6)s - Nonprofit Law Prof Blog

The Die Harder States

The Die Harder States - WSJ (JEH: Same topic as Forbes article below, but with updated information on the repeal of several states' estate/inheritance taxes.)

Where Not To Die In 2013 Update

Where Not To Die In 2013 Update - Forbes (JEH: Tennessee is still on this list until its inheritance tax is fully phased out as of 2016.)

A 'Perfect Solution' When Gifting a Home

A 'Perfect Solution' When Gifting a Home - WSJ.com (JEH: Discussing the use of a qualified personal residence trust (QPRT))

Make College Savings Accounts Part of Estate Planning

Make College Savings Accounts Part of Estate Planning - USNews.com

Family feuds over late billionaire William Davidson's charitable trust

Family feuds over late billionaire William Davidson's charitable trust

ATRA: An Unexpected Plus To Your Estate Planning -- Part I

ATRA: An Unexpected Plus To Your Estate Planning -- Part I - Forbes

Estate planning eases confusion, financial worries - WBAL TV

Estate Plan Funding for Spouses

Estate Plan Funding for Spouses - Investing - Forbes (JEH: This is indeed a common problem in estate planning. Most attorneys provide a memorandum outlining the steps that clients should generally take to fund their revocable living trusts -- to assign or transfer assets in some cases and designate their trusts as beneficiaries in other cases. However, the reality is that most clients never implement the funding. As a result, probate administration is typically required because the clients' "pour-over" wills must then facilitate the transfers of assets to the trusts. The other realistic issue here is that funding is not simple, even where clients empower the attorney and/or law firm to assist. More and more institutions refuse to accept these changes from anyone other than the clients, and also will not send any forms or other information to any address other than the clients' official address on record with the respective institutions. Due to these and other factors, trust funding necessarily requires involvement -- sometimes extensive involvement -- from the attorney/firm and the clients in order to implement fully. Finally, clients should either engage an attorney/firm to or directly conduct an "audit" of their assets from time to time to ensure that their objectives are still being achieved, including how assets are titled or designated.)

Weighing The Obama Budget's Impact On Estate Planning

Weighing The Obama Budget's Impact On Estate Planning - Private Wealth Online (JEH: Highlights planning opportunities and techniques targeted by the administration in the 2014 budget, including reversion to 2009 exemption levels, continuation of portability, more focused limitations on grantor trust planning (especially sale techniques disregarded for income tax purposes), and termination of generation-skipping transfer (GST) tax exemption status of a trust on its 90th anniversary date)

Estate Planning Under the New Tax Law

Estate Planning Under the New Tax Law - WEALTH MATTERS - The New York Times

He Left a Fortune, to No One

He Left a Fortune, to No One - The New York Times (JEH: Yet another example of a seemingly "savvy" person -- this one a Holocaust survivor and financially successful business person worth an estimated $40 million -- who passed away without even a simple will)

New Private Letter Ruling Breathes Life into Nevada Incomplete Gift Non-Grantor Trusts | Estate Planning content from WealthManagement.com

New Private Letter Ruling Breathes Life into Nevada Incomplete Gift Non-Grantor Trusts | Estate Planning content from WealthManagement.com ("The PLR should make practitioners much more comfortable about using incomplete gift non-grantor trusts to avoid state income tax, evidently indicating that the IRS has dropped the issue it raised in IR 2007-127.")

Good And Bad News For Conservationists In New Tax Law - Forbes

Good And Bad News For Conservationists In New Tax Law - Forbes (JEH: This article highlights the American Taxpayer Relief Act of 2012 (ATRA) extension of the more advantageous provisions applicable to conservation easements, namely a 100% maximum current year income tax deduction for farmers (50% for non-farmer donors), as opposed to the typical 30%, and a deduction carry-forward of 15 years, rather than the typical 5 years.)