Using a “Credit Shelter” or a “Bypass” Trust in Your Will: a Good Thing or a Terrible (Tax) mistake? (and Why You Should Review Your Existing Will!)
Written by: Wills, Trusts, & Estate Administration Unfortunately, there is far from a one-size-fits-all answer. My October blog explored the use (or risks) of these trusts in older Wills as related to the possibility of inadvertently disinh
Did You Really Intend to Disinherit Your Spouse!?……The Importance of Reviewing Your Last Will and Testament Pursuant to Recent Changes in the Estate Tax Laws
Written by: Wills, Trusts, & Estate Planning There have been substantial changes in the estate and gift tax laws since 1997, and particularly in the last 5 years. These changes may result in extreme ‘bad’ consequences under estate plan
Brief Summary Of §2704 Proposed Regulations On Discounts In Family Entities
Written by: Wills, Trusts, & Estate Administration On August 2, 2016, the Treasury Department issued long awaited (or long feared) proposed regulations under IRC §2704 regarding the valuation of family owned businesses. Valuation discounts