NY Times: Seeding Accounts for Kindergartners and Hoping to Grow College Graduates (September 19, 2021)

Tara Siegel Bernard, of the New York Times, discusses the importance and logistics of New York City's establishment of a program that opens up savings accounts for every public school kindergartner. Their article begins as follows: Kindergarten often brings a flood of notices about events, school supplies and class photos. But when Vaniqua Hudson-Figueroa’s daughter … Continue reading NY Times: Seeding Accounts for Kindergartners and Hoping to Grow College Graduates (September 19, 2021)

TaxProfBlog – Lesson From The Tax Court: Emotional Distress Is Not Physical Illness (September 27, 2021)

Bryan Camp has published an article on the TaxProf Blog, titled “Lesson From The Tax Court: Emotional Distress Is Not Physical Illness”, which discusses how damages for severe emotional distress are not excludable unless properly linked to a physical injury in Rebecca A. Tressler v. Commissioner, T.C. Summ. Op. 2021-33 (Sept. 13, 2021). The article … Continue reading TaxProfBlog – Lesson From The Tax Court: Emotional Distress Is Not Physical Illness (September 27, 2021)

Forbes: S Corp To Partnership Conversion Under Build Back Better (October 1, 2021)

Forbes has published an article, “S Corp To Partnership Conversion Under Build Back Better”, which discusses provisions of the Build Back Better Act such as the differing restrictions between S Corporations and Partnerships. The article begins as follows:  One of the most exciting provisions of the Build Back Better Act, to me anyway, is the … Continue reading Forbes: S Corp To Partnership Conversion Under Build Back Better (October 1, 2021)

Victoria J. Haneman: Prepaid Death (July 26, 2021)

Victoria J. Haneman, of Creighton University - School of Law, has made available for download her article, “Prepaid Death”, published in the Harvard Journal on Legislation, forthcoming. The abstract is as follows: The cost of an adult funeral exceeds $9,000. Funerals are expensive and death is not considered an appropriate time to bargain shop. The … Continue reading Victoria J. Haneman: Prepaid Death (July 26, 2021)

ProPublica: More Than Half of America’s 100 Richest People Exploit Special Trusts to Avoid Estate Taxes (September 28, 2021)

Jeff Ernsthausen, James Bandler, Justin Elliott and Patricia Callahan have published their article, “More Than Half of America’s 100 Richest People Exploit Special Trusts to Avoid Estate Taxes.” The abstract is as follows: It’s well known, at least among tax lawyers and accountants for the ultrawealthy: The estate tax can be easily avoided by exploiting a loophole unwittingly … Continue reading ProPublica: More Than Half of America’s 100 Richest People Exploit Special Trusts to Avoid Estate Taxes (September 28, 2021)

Forbes: TPC: The Ways & Means Reconciliation Bill Would Raise Taxes on High Income Households, Cut Taxes on Average For Nearly Everyone Else (September 28, 2021)

Forbes has published an article, “TPC: The Ways & Means Reconciliation Bill Would Raise Taxes on High Income Households, Cut Taxes on Average For Nearly Everyone Else”, which discusses major provisions of the House Ways & Means Committee’s budget reconciliation tax bill. The article begins as follows:  All major provisions of the House Ways & … Continue reading Forbes: TPC: The Ways & Means Reconciliation Bill Would Raise Taxes on High Income Households, Cut Taxes on Average For Nearly Everyone Else (September 28, 2021)

Procedurally Taxing: Can IRS Levy Reach Future Rent Payments (September 28, 2021)

Leslie Book, Professor of Law at the Villanova University Charles Widger School of Law, has made available for download her article, "Can IRS Levy Reach Future Rent Payments?" published on the Procedurally Taxing blog. The article begins as follows: A relatively brief CCA issued this month discusses the IRS’s ability to levy on the right to receive … Continue reading Procedurally Taxing: Can IRS Levy Reach Future Rent Payments (September 28, 2021)

Bloomberg Tax, Daily Tax Report (“DTR”): Breaking News – Final IRS Rules Establish Fee for Estate Tax Closing Letters (September 27, 2021)

Bloomberg Tax, Daily Tax Report reports that the IRS established a fee for estate tax closing letters. The summary is as follows: Individuals requesting letters to confirm the IRS has accepted an estate tax return will be required to pay a $67 fee under new final regulations.The rules (TD 9957, RIN 1545-BP75), released Sept. 27, … Continue reading Bloomberg Tax, Daily Tax Report (“DTR”): Breaking News – Final IRS Rules Establish Fee for Estate Tax Closing Letters (September 27, 2021)

Eric A. Kades: A New Feudalism: Selfish Genes, Great Wealth and the Rise of the Dynastic Family Trust (February 4, 2021)

Eric A. Kades, of William & Mary Law School, has made available for download his article, “A New Feudalism: Selfish Genes, Great Wealth and the Rise of the Dynastic Family Trust”. The abstract is as follows: Today’s record levels of economic inequality are infecting our future as the top 0.01% bequest vast wealth to their … Continue reading Eric A. Kades: A New Feudalism: Selfish Genes, Great Wealth and the Rise of the Dynastic Family Trust (February 4, 2021)

Forbes: How Will 10 Types of Retirement Be Taxed? (September 22, 2021)

Forbes has published an article, “How Will 10 Types Of Retirement Income Be Taxed?”, which discusses smart planning with regards to retirement income strategies. The article begins as follows:  When you are planning for a retirement income you can't outlive, you must not forget about taxes. How much you will owe in taxes during your … Continue reading Forbes: How Will 10 Types of Retirement Be Taxed? (September 22, 2021)

David Bussolotta: Proposed Tax Law Changes Impacting Estate and Gift Taxes (September 23, 2021)

David Bussolotta of Pullman & Comley, LLC, has made available for download his article, “Proposed Tax Law Changes Impacting Estate and Gift Taxes,” published on JDSUPRA. The abstract begins as follows: As many people are aware, Congress is considering changes to the federal tax code to support President Biden’s Build Back Better spending plan.  As … Continue reading David Bussolotta: Proposed Tax Law Changes Impacting Estate and Gift Taxes (September 23, 2021)

Forbes: Time to Change Your Estate Plan – Again (September 25, 2021)

Forbes has published an article, “Time To Change Your Estate Plan - Again”, which discusses the Build Back Better Act (BBB) in relation to estate planning techniques. The article begins as follows:  The revenue portion of the Build Back Better Act (BBB) that is moving along dramatically changes the landscape for transfer taxes (i.e. gift … Continue reading Forbes: Time to Change Your Estate Plan – Again (September 25, 2021)

Nathaniel Birdsall: Personal Planning Strategies – September 2021 (September 22, 2021)

Nathaniel Birdsall of Proskauer Rose LLP, has made available for download his article, "Personal Planning Strategies - September 2021,” published on JDSUPRA. The abstract begins as follows: Last Call for SLATs, GRATs, and the Use of the Enhanced Gift Tax Exemption?You have probably heard that the House Ways and Means Committee released proposals for increasing … Continue reading Nathaniel Birdsall: Personal Planning Strategies – September 2021 (September 22, 2021)

Greenberg Glusker LLP: House Ways and Means Advances Draft Tax Legislation with Dramatic Impact on Estate, Gift and Trust Taxation (September 21, 2021)

Greenberg Glusker LLP has made available for download their article, "House Ways and Means Advances Draft Tax Legislation with Dramatic Impact on Estate, Gift and Trust Taxation,” published on JDSUPRA. The abstract begins as follows: Last week, the House Ways and Means Committee released, and advanced out of committee, draft tax legislation intended to form … Continue reading Greenberg Glusker LLP: House Ways and Means Advances Draft Tax Legislation with Dramatic Impact on Estate, Gift and Trust Taxation (September 21, 2021)

Sharon Klein, Wilmington Trust: New York’s Latest Legislative Session – What Passed, What Didn’t, What’s Next (September 13, 2021)

Sharon Klein, President, Family Wealth, Eastern US Region, Wilmington Trust, NA, has made available for download her article, which was recently published in the New York Law Journal’s Special Trusts & Estates Section: New York’s Latest Legislative Session: What Passed, What Didn’t, What’s Next. The abstract is as follows: Learn about what passed, what didn’t, and … Continue reading Sharon Klein, Wilmington Trust: New York’s Latest Legislative Session – What Passed, What Didn’t, What’s Next (September 13, 2021)

Jacque Albus: $2.1 Trillion Reasons Why You Should Consider Estate Planning NOW (September 21, 2021)

Jacque Albus of Husch Blackwell LLP, has made available for download her article, “$2.1 Trillion Reasons Why You Should Consider Estate Planning NOW,” published on JDSUPRA. The abstract begins as follows: Key pointsOn Wednesday, September 15, The House Ways and Means Committee advanced a proposal for a $2.1 trillion tax increase.The proposal could drastically change the gift … Continue reading Jacque Albus: $2.1 Trillion Reasons Why You Should Consider Estate Planning NOW (September 21, 2021)

Lee Caney: THE TIME TO ACT IS NOW – House Ways and Means Committee Proposes Tax Changes: Significant Provisions Related to Estate Planning Included (September 20, 2021)

Lee Caney of Dechert LLP, has made available for download his article, “THE TIME TO ACT IS NOW – House Ways and Means Committee Proposes Tax Changes: Significant Provisions Related to Estate Planning Included”, published on JDSUPRA. The abstract begins as follows: On September 13, 2021, the House Ways and Means Committee formally released its … Continue reading Lee Caney: THE TIME TO ACT IS NOW – House Ways and Means Committee Proposes Tax Changes: Significant Provisions Related to Estate Planning Included (September 20, 2021)

Lawrence Chane: Estate Planning Provisions of the New Tax Plan (September 20, 2021)

Lawrence Chane of Blank Rome LLP, has made available for download his article, “Estate Planning Provisions of the New Tax Plan,” published on JDSUPRA. The abstract begins as follows: On Monday, September 13, 2021, the House Ways & Means Committee released a draft tax plan which provides the clearest direction to date on how Democrats … Continue reading Lawrence Chane: Estate Planning Provisions of the New Tax Plan (September 20, 2021)

Texas Fiduciary Litigator: Relative Had Standing To Assert Slayer Statute And Declaration Regarding Rights To Insurance Proceeds Over Victim’s Estate (August 20, 2021)

David Fowler Johnson, in his Texas Fiduciary Litigator Blog, discusses Lawrence v. Bailey and a brother's standing to assert under the Slayer Statute. The article beings as follows: In Lawrence v. Bailey, a son killed his parents with a sledge hammer. No. 01-19-00799-CV, 2021 Tex. App. LEXIS 4716 (Tex. App.—Houston [1st Dist.] June 15, 2021, no pet. … Continue reading Texas Fiduciary Litigator: Relative Had Standing To Assert Slayer Statute And Declaration Regarding Rights To Insurance Proceeds Over Victim’s Estate (August 20, 2021)

Chambliss, Bahner & Stophel, P.C.: 6 Things to Ask Before Agreeing to Be a Trustee (August 20, 2021)

Chambliss, Bahner & Stophel, P.C. has made available for download his article, “6 Things to Ask Before Agreeing to Be a Trustee,” published on JDSUPRA. The abstract begins as follows: Being asked to serve as the trustee of the trust of a family member is a great honor. It means that the family member trusts … Continue reading Chambliss, Bahner & Stophel, P.C.: 6 Things to Ask Before Agreeing to Be a Trustee (August 20, 2021)