By Annette Nellen, CPA, Esq. So, is a C corporation preferred after the TCJA? The best answer: “it depends.” Many tax rules and non-tax considerations are important for choice-of-entity decisions. As shown in the following examples, the QBI deduction is a significant benefit to non-corporate businesses to complement the 21% flat rate for C corporations. … Continue reading Is A C Corporation Preferred After Tax Reform?
By Richard L. Harris, CLU ® AEP ® For those of you that don’t follow intergenerational split-dollar arrangements here’s a quick and dirty about how they normally work. Three generations involved Senior is wealthy and older, often in 80’s or 90’s Senior makes an advance or a loan to an ILIT for the benefit of grandchildren. In … Continue reading Cahill: Facts, Takeaways and Thoughts
By Terrence M. Franklin © 2018 University of Miami School of Law. This material was prepared for the 52nd Annual Heckerling Institute on Estate Planning sponsored by the University of Miami School of Law, and published by LexisNexis. It is reprinted with the permission of the Heckerling Institute and the University of Miami. Introductory Remarks ALAN F. ROTHSCHILD, … Continue reading The 1846 Last Will of John Sutton—What’s Not So New in Will Drafting and Contests
By Lawrence A. Frolik Many clients have heard of “Elder Law,” but not many are aware what it is or how an elder law attorney can help them. The short answer is that elder law attorneys help their clients with later life legal problems. Just as older clients have unique financial issues, so do older … Continue reading The Role of Elder Law Attorneys
By Jonathan E. Gopman, Esq. and Paul J. D'Alessandro, Jr., Esq. On December 22, 2017, President Trump signed into law what is commonly referred to as the Tax Cuts and Jobs Act (the "Act").1 The Act represents the most comprehensive reform to U.S. tax law since 1986. In particular, the Act changed many long-standing U.S. international tax … Continue reading The More Things Change, the More They Stay the Same? Foreign Investment in U.S. Real Estate after the Tax Cuts and Jobs Act
By Kimberly E. Civins & Melissa Sprinkle Introduction Historically, trustees and executors served without any compensation.1 In recognition of the fact that technological advancements have increased the complexity of dealing with assets in a trust or estate, modern legislation allows fiduciaries to collect commissions for their service. The character of fiduciary compensation varies from state … Continue reading Fiduciary Compensation in Georgia
How clients can use their businesses as engines for generosity By Michael King Key Takeaways Giving an interest in a business may enable owners to double their current cash giving, while dramatically reducing their tax liability. Most business owners are not aware they can give a portion of their business to charity. Giving an interest … Continue reading Michael King: The Generous Business