Month: November 2009
MLPs Provide Income and Tax Benefits
This from Howard Hinds of the Curbstone Group in Boston: Master Limited Partnerships (MLPs) are excellent tools for estate planning: 1. MLP distributions (around…
US House to Vote on Estate Tax Bill Next Week
This legislation would continue the current $3.5 million exemption and 45% rate, but does not include the spousal “portability.” While the bill…
Bank of America Liable for Failure to Honor Power of Attorney
In a recent Florida case, Bank of America was held liable for refusing to honor a power of attorney: Copyright 2009 Stuart…
AMT Patch for 2010? Forget about it!
And don’t even think about estate tax repeal. From Brian Dooley CPA, MBT’s newsletter: Update: The AMT patch is gone as seventy-three tax…
Is Your Will a “Turkey”? 6 Ways to Tell
Thanksgiving is less than a week away, but many people currently have turkeys of a different kind – poorly drafted Wills. If…
The IRS Loves Retirement Accounts
Planning for tax-qualified plans, which includes IRAs, 401(k)s and qualified retirement plans, requires a careful examination of the potential taxes that impact…
Tax Court: Gifts to your own Private Foundation are Deductible
This courtesy of Professor Chris Hoyt of the University of Missouri (Kansas City) School of Law: The Tax Court rejected an argument…
Further Delay on Estate Tax “Reform”
Coming as no surprise to me, anyway, an article on the website CQ Politics, House Likely to Delay Estate Tax Consideration, states that the…
Online Wills – You Get What You Pay For
Last Thursday’s Wall Street Journal’s website featured an article on online estate planning programs: Before It’s Too Late: A Test of Online Wills….
NC Revises Spousal Elective Share Law
The Elective Share is the value of property a surviving spouse is entitled to get from a deceased spouse. In the absence…
