In this piece from Forbes.com, Robert W. Wood details some estate tax steps to consider for calendar year 2010. Why do we need to take estate tax steps in a year when there is no estate tax, you might be asking? Because there is an estate tax in 2011 and taking steps now can reduce [...]
Joseph T. Hahn
All posts in category Gift Tax
Estate Tax Steps for 2010
Posted by Joseph Hahn on November 10, 2010
http://hahnestateplanning.com/2010/11/10/estate-tax-steps-for-2010/
Estate Tax Steps for 2010
In this piece from Forbes.com, Robert W. Wood details some estate tax steps to consider for calendar year 2010. Why do we need to take estate tax steps in a year when there is no estate tax, you might be asking? Because there is an estate tax in 2011 and taking steps now can reduce [...]
Posted by Joseph Hahn on November 10, 2010
http://hahnestateplanning.com/2010/11/10/estate-tax-steps-for-2010-2/
Give Your House To Your Kids To Avoid Estate Tax
An article in the New York Times describes several strategies for giving away your house (or vacation house) while you are alive to avoid or reduce estate taxes after death. The whole subject strikes many as counterintuitive since most people don't want to become homeless before they die. The strategies discussed allow the best of [...]
Posted by Joseph Hahn on October 30, 2010
http://hahnestateplanning.com/2010/10/30/give-your-house-to-your-kids-to-avoid-estate-tax/
Give Your House To Your Kids To Avoid Estate Tax
An article in the New York Times describes several strategies for giving away your house (or vacation house) while you are alive to avoid or reduce estate taxes after death. The whole subject strikes many as counterintuitive since most people don't want to become homeless before they die. The strategies discussed allow the best of [...]
Posted by Joseph Hahn on October 30, 2010
http://hahnestateplanning.com/2010/10/30/give-your-house-to-your-kids-to-avoid-estate-tax-2/
Great Time for GRATs and Family Loans
With IRS-established minimum interest rates at all time lows, this Forbes blog article makes the point that the time has never been better to use a grantor retained annuity trust (GRAT) or family loan strategy to reduce estate taxes down the road. For GRATs established in October 2010, any growth in the trust assets above [...]
Posted by Joseph Hahn on September 29, 2010
http://hahnestateplanning.com/2010/09/29/great-time-for-grats-and-family-loans/
Congress Must Act Now On The Estate Tax
In a shameless plug for self-promotion, my own article on the need for Congress to take up estate tax reform today without further delay appeared last week in The Desert Sun. Pesky formula clauses, dying billionaires, the loss of step up in basis and a looming $1 million personal exemption are all reasons why Congress [...]
Posted by Joseph Hahn on September 20, 2010
http://hahnestateplanning.com/2010/09/20/congress-must-act-now-on-the-estate-tax/
Congress Must Act Now On The Estate Tax
In a shameless plug for self-promotion, my own article on the need for Congress to take up estate tax reform today without further delay appeared last week in The Desert Sun. Pesky formula clauses, dying billionaires, the loss of step up in basis and a looming $1 million personal exemption are all reasons why Congress [...]
Posted by Joseph Hahn on September 20, 2010
http://hahnestateplanning.com/2010/09/20/congress-must-act-now-on-the-estate-tax/
Estate Tax Strategies While Estate Taxes Are In Limbo
With the future of the estate and gift tax laws in limbo, planning ahead is a challenge for those trying to reduce the amount of their estates going to Uncle Sam after their deaths. This article from the New York Times details some strategies that folks can consider now, even before Congress takes action. In [...]
Posted by Joseph Hahn on September 19, 2010
http://hahnestateplanning.com/2010/09/19/estate-tax-strategies-while-estate-taxes-are-in-limbo/
No Time Like The Present To Reduce Estate Tax
This article from the Wall Street Journal details an estate tax reduction strategy commonly known as a sale to an intentionally defective grantor trust. The author attempts to make the point that many estate planners are sitting on their hands doing nothing while the estate tax laws are up in the air, telling clients to [...]
Posted by Joseph Hahn on August 31, 2010
http://hahnestateplanning.com/2010/08/31/no-time-like-the-present-to-reduce-estate-tax/
Give Big Gifts In 2010 To Avoid Gift Tax In 2011
As we've highlighted before, this article in the New York Times discusses the fact that there is a reduced gift tax in 2010 (35% as opposed to 55% in 2011 if Congress does not act) and the wealthy should be considering making taxable gifts in 2010 as a way of avoiding estate taxes in the [...]
Posted by Joseph Hahn on August 30, 2010
http://hahnestateplanning.com/2010/08/30/give-big-gifts-in-2010-to-avoid-gift-tax-in-2011/
