Posts by Kristina Schneider
Toni 1 Trust v. Wacker: A Rare Domestic Asset Protection Trust Case
By Steven J. Oshins, Esq., AEP (Distinguished) To this date, there still isn’t even one DAPT case where a creditor reached into the trust and grabbed assets in a non-bankruptcy, non-fraudulent conveyance scenario. Let me repeat this: To this date, there still isn’t even one DAPT case where a creditor reached into the trust and…
Read MoreExploiting the New IRC 199A Pass-Thru Business Deduction Using Multiple Taxpayers
By Steven J. Oshins, Esq., AEP (Distinguished) The 2017 Tax Act was rushed in order to make it effective as of January 1, 2018. Anything that is rushed certainly will create opportunities for creative estate planners who will exploit the new tax laws for the benefit of their clients. The greatest opportunity business owners received…
Read MoreABA Heckerling Reports from the 2018 Heckerling Institute
For the past 19 years, the American Bar Association Section of Real Property, Trust and Estate Law with the permission of the University of Miami School of Law, releases several extensive reports highlighting the various lectures and proceedings of the Heckerling Institute, one of the nation’s largest estate planning conferences, held every year in January.…
Read MoreFREE WEBINAR: Adding Business Planning To Your Estate Planning Practice
If you’re an estate planning attorney, you may have been struggling to figure out what’s the “next best thing” coming to you in your practice now that estate tax planning is (and has been for the last several years) effectively dead. Business law is often an effective complement to an estate planning practice. The folks at…
Read MoreTrump Tax Act Restricts Deductibility of State Income Taxes: So What? Use a NING Trust
By Steven J. Oshins, Esq., AEP (Distinguished) The dust has settled. The Trump Tax Act has been finalized. Who stands to lose the most from the new tax rules? Those who live in a state with a high state income tax. That’s who. Prior to the Trump Tax Act, state income taxes paid were deductible…
Read MoreTax Reform is Here: What You Need to Know to Advise Your Clients
By Jeramie Fortenberry, J.D., LL.M. (Taxation)Director of Education WealthCounsel, LLC The most significant tax reform package of this generation is now awaiting the President’s signature and is widely expected to be signed into law at any time. The new tax law changes the tax planning landscape, creating both pitfalls and opportunities for attorneys and the…
Read MoreImpact of Potential Tax Reform on Business Owners and Possible Steps to Take in 2017
By Edwin P. Morrow III, J.D., LL.M. (Tax), CFP®, CM&AA® On November 2, 2017, the Speaker of the House, with the backing of the President, finally introduced the long-awaited bill that represents Republican efforts at comprehensive tax reform, to be titled the “Tax Cuts and Jobs Act”. Of course, the Senate will propose significant changes, and…
Read MoreTop 5 Dumbest Comments Made by Estate Planners
By Steven J. Oshins, Esq., AEP (Distinguished)Having practiced estate planning for more than two decades, I have seen and heard my share of comments and representations that are true head-scratchers that often make you roll your eyes. This epidemic seems to have gotten much worse through the years, possibly because of the pressure to perform…
Read MoreCrowdsource Funding to Help Victims of the Las Vegas Massacre
By Martin M. Shenkman, CPA, MBA, PFS, AEP, JD, Bernard A. Krooks, JD, CPA, LLM (Taxation), CELA, AEP® (Distinguished)., and Jonathan G. Blattmachr, Esq. Introduction One of the authors just received a call to assist those helping one of the hundreds of victims of the Las Vegas shooting with some questions concerning a crowdfunding effort.…
Read MoreSupply and Demand of Advanced Estate Tax Planning
By Steven J. Oshins, Esq., AEP (Distinguished)The federal estate tax exemption was increased to $5 million plus annual inflationary increases earlier this decade. “The sky is falling! The sky is falling! The sky is falling!” Those were the words of many estate planners who realized that there would be a substantially smaller pool of prospective…
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