Loans From An Irrevocable Trust: How To Do Them Right!
December 16th, 2021Originally posted on Forbes.com So, you have an irrevocable trust (or several) and you want to take a loan from the trust. While that might sound simple it really […]
Shenkman Law
What Estate Planning Should Be Done Now That Congress Might Not Change Anything?
December 1st, 2021This article was originally posted on the ABA Real Property, Trusts and Estates Law Section RPTE E-Report and can be accessed as here. By: Martin M. Shenkman, Esq. and Joy Matak, […]
After the Georgia Runoff, What Tax Planning Should You Do NOW!
November 11th, 2021This article was originally posted on Steve Leimberg’s Estate Planning Email Newsletter as Archive Message #2854. With the results of the Georgia runoff election, the Democrats control the House, the Senate […]
Charitable Remainder Trust Economics, and Deciding Whether to Use a CRT, Including for Plan and IRA Distributions
November 11th, 2021This article was originally posted on Steve Leimberg’s Estate Planning Email Newsletter as Archive Message #296. Charitable remainder trusts (CRTs) are probably the most common type of trust where interests are […]
Sanders Tax Proposal: Analysis and Suggestions for Immediate Action
November 11th, 2021This article was originally posted on Steve Leimberg’s Estate Planning Email Newsletter as Archive Message #2876. On March 25, 2021, Senate Budget Committee Chairman Bernie Sanders (I-VT) fired the opening salvo […]
Self-Settled Trust Planning in the Aftermath of the Rush University Case
November 9th, 2021This article was originally posted on Steve Leimberg’s Estate Planning Email Newsletter as Archive Message #215. The Illinois Supreme Court recently held in the Rush University case that a self-settled trust […]
Using Decanting and BDOT Provisions to Avoid a Peppercorn of Income Potentially Triggering State Income Tax on a Trust’s Entire Income
November 9th, 2021This article was originally posted on Steve Leimberg’s Estate Planning Email Newsletter as Archive Message #205. Generally, states can only tax the income of non-residents that is sourced to that state, […]
The New Jersey Estate Tax Has Been Repealed, What’s Next?
November 9th, 2021This article was originally posted on Steve Leimberg’s Estate Planning Email Newsletter as Archive Message #2467. The New Jersey estate tax will be phased out. The New Jersey estate tax exemption, […]
Martin Shenkman’s Notes from the 41st Annual Notre Dame Tax and Estate Planning Institute
November 8th, 2021This article was originally posted on Steve Leimberg’s Estate Planning Email Newsletter as Archive Message #2348. The 41st Annual Notre Dame Tax and Estate Planning Institute was held on September 17th […]
Biden 2-Step for Wealthy Families: Why Affluent Families Should Immediately Sell Assets to Irrevocable Trusts for Promissory Notes Before Year-End and Forgive the Notes If Joe Biden Is Elected, A/K/A What You May Not Know About Valuing Promissory Notes and Using Lifetime Q-Tip Trusts
November 8th, 2021This article was originally posted on Steve Leimberg’s Estate Planning Email Newsletter as Archive Message #2813. Wealthy individuals who postpone taking appropriate action to eliminate estate taxes may not be able […]