Month: January 2014
Friday, January 31, 2014
Description
An Irrevocable Trust that generates a potential income stream for you or your beneficiaries, with the reminder of the donated assets eventually going to one or more nonprofit organization you select. Charitable... Continue Reading
Tuesday, January 28, 2014
A Beneficiary/Transferee is Liable for Unpaid Estate Taxes
In the case of U.S. vs. Mangiardi, 112 AFTR 2nd, 2013-5108 (D.C. Florida, 7/19/2013), the U.S. District Court denied a motion to dismiss a transferee liability case... Continue Reading
Thursday, January 23, 2014
The Child Support Arrears are Assets of an Estate
Child support arrears due a divorcee at the time of her death belonged to her estate, not to her emancipated son, a New Jersey appeals court says.
The child’s mother was the... Continue Reading
Friday, January 17, 2014
In the case of Steinberg vs. Conn, 141 T.C. No. 8 (September 13, 2013), the Tax Court denied the IRS’ motion for summary judgment and ruled that a net gift agreement, in which the donees assumed responsibility for applicable... Continue Reading
Thursday, January 16, 2014
Estate Planning: Are there any risks or disadvantages to my 80 year old father, who has a $200,000 gross estate, drafting his own simple will from an online will kit?
Yes, there are risks and disadvantages to your father using... Continue Reading