Because of the high interest rates, children with access to a trust are more likely to tap into trust funds to buy a house. This alternative can buy a home outright, or prevent people from taking out large mortgages. Borrowing... Continue Reading
“Portability” is a concept under the transfer tax laws of the Internal Revenue Code. Specifically, portability allows a surviving spouse to use a deceased spouse’s unused federal gift and estate tax exclusion (up to $5.34... Continue Reading
During tight economic times, both individuals and businesses struggle to keep their heads above water financially. However, many people and companies alike do not know they can successfully negotiate with bill collectors and... Continue Reading
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
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