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16
Jan

Thank Congress if You Made Big Gifts in 2012

Hank Wittenberg has a great article on estateplanning.com on why those of you who did year end planning in 2012 made the right choice, even though…

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09
Jan

New 2013 Gift Tax and Estate Tax Rates – Now What?

Congress surprised us again and passed the American Taxpayer Relief Act (don't you love the catchy name) on January 1 to temporarily avoid the fiscal cliff.…

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20
Nov

How the Lifetime Bypass Trust Works: Attention CPAs

Many of my clients are interested in the Lifetime Bypass Trust. And some are vetting the concept through their CPAs. Here is an email (with the…

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14
Nov

Lifetime Bypass Trust

Until December 31, the lifetime gift tax exclusion is $5,120,000 per person. Unless Congress acts, this amount will drop to $1,000,000 on January 1, 2013.  It…

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07
Nov

Act by Dec. 31 to Avoid Estate Tax (click for slide show)

We now know the next President and the composition of Congress. Most likely, the historic estate and gift tax exclusions that end on December 31, 2012,…

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02
Nov

Sell Now – Capital Gains Tax Goes Up in 2013

From the Tax Prof Blog citing the WSJ. George Lucas isn't alone. Business owners race to their sell businesses in 2012 to avoid higher capital gains tax in…

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01
Nov

Annual Gift Tax Exclusion Up to $14k in 2013

The IRS will increase the annual gift tax exclusion from $13k to $14K in 2013. The annual gift tax exclusion is the amount you and your…

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31
Oct

Gift Now and Avoid Estate Tax

If you have a net worth of $1M or more (or as a couple, $2M or more), and act now, you could forever remove the threat…

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27
Oct

Gift Now Before It’s Too Late

One of my clients send me a terrific article from Concannon Miller about the urgency to make gifts and how to make gifts before December 31.…

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18
Oct

Recapture Clawback of 2012 Gifts

There is lots of anxiety among attorneys and clients about the scheduled estate and gift tax law change in 2013. In 2012, you can gift up…

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