The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) signed into law December 18, 2015, not only revives expired breaks for 2015 but also makes many breaks permanent, […]
Year-end is literally days away, but there’s still time to reduce your 2015 tax liability as long as you take action by December 31. Consider these strategies:
We have always been told it’s important to take ownership of your work, your actions, and sometimes even the actions of others. However, when it comes to determining whether you […]
Second-to-die life insurance (sometimes called “survivorship insurance” or “dual-life insurance”) can be a useful tool for providing liquidity to pay estate taxes for married couples with large estates.
Estate planning and asset protection go hand-in-hand. After all, no matter how well your estate plan is designed, it won’t do much good if you have no wealth to share […]
The leading case examining what constitutes a permanent place of abode (“PPA”) states that “[p]ermanence, in this context, must encompass the physical aspects of the dwelling place as well as […]
After you reach age 70½, you must take annual required minimum distributions (RMDs) from your IRAs (except Roth IRAs) and, generally, from your defined contribution plans (such as 401(k) plans). […]
Recently, the IRS released the 2016 annually adjusted amount for the unified gift and estate tax exemption and the generation-skipping transfer (GST) tax exemption: $5.45 million (up from $5.43 million in […]
In my last blog, I discussed the physical aspects of a permanent place of abode (PPA) as defined by New York State. Despite the State’s own regulations stating that a […]