Smaldino, a recent Tax Court decision, provides several important lessons for practitioners to consider about how to approach structuring and implementing estate plans for certain clients, especially for clients that practitioners did planning for during the rush throughout 2020 and 2021,…
Bloomberg Tax & Accounting today announced its 2022 honorees for outstanding authorship in estates, gifts, and trusts and the recipient of the 2022 Leonard L. Silverstein Award for Distinguished Service in Estates, Gifts, and Trusts Taxation. The awards were presented…
This newsletter will provide an overview of different approaches to signing documents that various practitioners considered or used during the COVID-19 environment. In addition, a discussion of some of the general concepts of state law requirements for the valid execution…
We are in the throes of the Coronavirus pandemic, and even though states are loosening stay-at-home restrictions, the impact on estate planners professionals, as well as their families, finances, and our country, will continue for some time. Estate planners have…
Technology continues to evolve estate-planning practices. Many firms may be paperless, cloud-based practices. They may be using document generation software and other software products to facilitate better client interactions, management and more efficient research and drafting. However, the reality is…
As push back from prospective clients grows, the time allocated to drafting documents, and handling paper in the estate practice, will have to be reduced in order for attorneys to remain profitable. Increasing automation of the estate planning practice is…
While one might dismiss these proposals as mere electioneering by Sanders, this proposal might be a glimpse as to what could occur if the Democrats control both congress and the presidency. Why should practitioners care? While there may currently be…
Estate planning is evolving in significant ways, and if your clients haven’t updated their planning and documents for the new world of estate planning, the planning likely won’t be as effective as they wish. More than ever before, estate planning…
The Tax Cuts and Jobs Act brings direct changes to the tax treatment of insurance and significant indirect changes to planning with life insurance. There are new and interesting life insurance planning opportunities these changes present in particular multi-purpose irrevocable…
The Tax Cuts and Jobs Act was signed into law by President Trump on December 22, 2017. The Act brings direct changes to the tax treatment of insurance and significant indirect changes to planning with life insurance. These changes present…