IRS Extends Deadline to Make Portability Election

On February 17th, the IRS released an important Notice allowing an extension to make a portability election for certain qualifying estates. An executor of a qualifying estate that wants to obtain the extension granted by this notice must file the application for a six month extension no later than 15 months after the decedent’s date of death. With the extension granted by this notice, the Form 706 of a qualifying estate will be due 15 months after the decedent’s date of death. The first of these extensions (and underlying Form 706) will be due April 2nd. Estates qualifying for this…

Interview on Dynasty Trusts with Guest Expert, Steven J. Oshins, Esq.

Steven J. Oshins, Esq. is a nationally renowned estate planning and asset protection attorney based in Las Vegas, Nevada, with clients all over the United States. Steve was the author of Nevada’s 365-year Dynasty Trust law and often works jointly with estate planning attorneys from other states on setting up dynasty trusts and other advanced level estate planning and asset protection techniques. We recently had the opportunity to interview Steve on the topic of Dynasty Trusts. UEP: Would you please start by describing how the Dynasty Trust works? Steve Oshins: Let me begin by clarifying that I’m talking about the…