Robert Keebler on President Obama’s 2014 Budget Proposal

Thanks to generosity of Robert Keebler, CPA, MST, AEP (Distinguished) of Keebler & Associates, LLP, AICPA and Leimberg Information Services, we are pleased to provide to you two free podcasts to download on the subject of President Obama’s 2014 Proposed Budget. Obama’s proposed budget will have a negative impact on the following planning: The estate tax rate would increase to 45% from today’s 40% rate. The gift tax exemption would be reduced to $1,000,000 The estate tax and GST exemptions would be reduced to $3,500,000 The GST period would be limited to 90 years from today’s unlimited period Current dynasty…

Does Comprehensive Estate Planning Really Work?

According to estate planning and asset protection attorney, Jeffrey M. Verdon, there has been a number of court decisions involving failed asset protection planning in the last two years. In his opinion, the reason for the recent and unusual amount of cases has to do with comprehensive estate planning (with asset and lifestyle protection) and when “bad facts make bad law”. Read the full post… For more information about any of the information discussed in this Client Alert, or any other income or estate tax planning or asset protection planning assistance, please contact the Jeffrey M. Verdon Law Group, LLP…

PLR 201310002: DING Redux

Reproduced with Permission by and Courtesy of Leimberg Information Services, Inc. (LISI). For information about how to subscribe to LISI, click here. “A DING trust (standing for Delaware Incomplete Non-Grantor trust) is a strategy designed to eliminate State income taxes on the Grantor’s investment income by having the Grantor transfer his investments to a trust domiciled in a non-tax state which transfer is, on the one hand, an incomplete gift and, on the other hand, not made to a grantor trust. After a hiatus of some six years, the IRS has now ruled, in PLR 201310002 in favor of a…

The Ultimate Level: An Ultimate Success!

The Ultimate LevelSM February 22-24, 2013 Redondo Beach, California We just held our first Ultimate LevelSM event last weekend and, we must say, it was quite the success! Please enjoy a few pictures below of the weekend. Interested in taking YOUR practice to the Ultimate Level? Reserve your spot for our May event! Spaces are limited. Contact Kristina Schneider right away at 424-247-9495 or at kristina@ultimateestateplanner.com All pictures © 2013 Megan DeLaGarza

Fiscal Cliff & Estate Planning by Martin M. Shenkman, J.D., CPA, MBA

Review Your Will, Living Trust and Plan in 2013. Congress has just concluded tax legislation as part of its effort to avert the fiscal cliff. While the Senate called it the “American Taxpayer Relief Act of 2012,’’ likely it will have a 2013 moniker. While the 157 pages have not been analyzed yet, a number of key points may be made about the impact on estate planning, bearing in mind that final legislation, interpretations, and more are to follow. For those who think estate planning no longer is relevant because they are safely under the $5 million inflation adjusted exemption…

Estate Planning & Asset Protection in 2013 & Beyond by Steven J. Oshins, Esq., AEP (Distinguished)

The House has just approved the Senate bill. President Obama will sign it later this week. Now what? [Hint: You’ll be doing NEARLY EXACTLY what you’ve been doing the past few months, but without the time pressure.] Estate Planning: We now have a “permanent” $5MM (indexed for inflation) estate, gift and GSTT exemption and a 40% tax rate. Remember that the word “permanent” really means “until they change it next time”. This is an opportunity for all of your clients to continue to use their $5MM gift and GSTT exemptions by making gifts into Dynasty Trusts. All of our wealthy…

Steve Oshins’ Tips for Getting Through the Pre-Fiscal Cliff Gifting Chaos

Nearly everybody is out of 2012 capacity at this point. So… Consider setting up a simple one-page gift trust with just the essential terms so you have a valid trust under the state law you are selecting. Give the settlor’s best friend as Trust Protector the power to completely amend and restate the trust (maybe for a selected period of time like three months) in that Trust Protector’s sole and absolute discretion (and obviously draft around a GPOA). Get it fully executed and funded with the $5MM gift before year-end. Enjoy the New Year’s. Take a deep breath. Reconvene in…

We’re Moving!

Please be advised that we are currently moving our office location. Our office will be closed on Friday, November 30th and will re-open for business at 8:30am Pacific Time on Monday, December 3rd. We look forward to our brand new office (right next to the beach!). Don’t forget to update your address book! 212 Yacht Club Way, Suite A-7 Redondo Beach, California 90277 Thanks for your understanding and patience during this entire process!