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Succession Planning Articles

 

The Potential Impact of New Appraisal Regs On Charitable Giving

The Potential Impact of New Appraisal Regs On Charitable Giving

Posted by Cheryl A. Jankowski on November 07, 2019

Do charitable gifts play an important role in your estate plan? If you make or plan to make substantial noncash gifts to charity, you should be aware of how new requirements for appraisals can affect those donations.

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It’s Not an Estate Plan Without a Will

It’s Not an Estate Plan Without a Will

Posted by Robert Ingrasci on October 29, 2019

When you hear “estate planning,” you probably think of trusts and other vehicles for minimizing taxes and passing on more wealth to your heirs. However, a will remains the cornerstone of any estate plan.

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Dynasty Trusts Are More Valuable than Ever

Dynasty Trusts Are More Valuable than Ever

Posted by Cheryl A. Jankowski on June 28, 2019

The Tax Cuts and Jobs Act has brought great changes to estate planning. In doing so, it bolstered the potential value of dynasty trusts. This article explains why these trusts are well worth considering for tax purposes. We'll also look at valid nontax reasons for establishing one.

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Beneficiaries Learn a Lesson About Paying Estate Taxes

Beneficiaries Learn a Lesson About Paying Estate Taxes

Posted by D’Marie Murray on June 27, 2019

Beneficiaries of a South Dakota estate failed to make a payment when submitting a federal estate tax return — and again failed to pay when the IRS subsequently notified them of additional assessments. The IRS sued. In U.S. v. Ringling (2017), a district court reviewed the facts and ultimately granted the IRS's summary judgment motion.

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When to Update Your Estate Plan

When to Update Your Estate Plan

Posted by Cheryl A. Jankowski on June 11, 2019

Estate planning isn't just for the rich and famous. While it's true that the Tax Cuts and Jobs Act (TCJA) provides generous estate tax relief, even for well-to-do families, the need for estate planning has not been eliminated. There are still numerous reasons to develop a comprehensive estate plan and regularly update it.

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Wealth Planning Opportunity | Spousal Limited Access Trust

Wealth Planning Opportunity | Spousal Limited Access Trust

Posted by Cheryl A. Jankowski on May 09, 2019

Tax reform legislation doubled the federal estate, gift, and generation-skipping transfer (GST) tax exemption to $11.18MM (as indexed for inflation) per person. This created a seven-year window for increased wealth transfer planning.

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