J.M. Coppieters: Trust Planning and the Washington State Capital Gains Tax (October 15, 2021)

J.M. Coppieters, of Scarff Law Firm PLLC, has made available for download his article, Trust Planning and the Washington State Capital Gains Tax, published in Seattle University Law Review SUpra. The abstract is as follows: On April 25, 2021, the Washington State Legislature enacted a new state capital gains tax. Before now, Washington state has … Continue reading J.M. Coppieters: Trust Planning and the Washington State Capital Gains Tax (October 15, 2021)

Matthew Smith, Owen Zidar, and Eric Zwick: Top Wealth in America: New Estimates and Implications for Taxing the Rich (October 18, 2021)

Matthew Smith of U.S. Department of the Treasury, Office of Tax Analysis (OTA), Owen Zidar of Princeton University, and Eric Zwick of University of Chicago - Finance, have made available for download their article, “Top Wealth in America: New Estimates and Implications for Taxing the Rich”, published in the University of Chicago, Becker Friedman Institute … Continue reading Matthew Smith, Owen Zidar, and Eric Zwick: Top Wealth in America: New Estimates and Implications for Taxing the Rich (October 18, 2021)

Forbes: New Tax Rule #1: Say Good-Bye to Tax Deferral (October 1, 2021)

Forbes has published an article, “New Tax Rule #1: Say Good-Bye to Tax Deferral”, which discusses changing circumstances that make tax deferral less attractive. The article begins as follows:  It’s hard to abandon longstanding rules of thumb. But sometimes circumstances change, and it’s necessary to change our thinking if we want to maximize after-tax wealth.Perhaps … Continue reading Forbes: New Tax Rule #1: Say Good-Bye to Tax Deferral (October 1, 2021)

Katherine Jeffrey (Davis Wright Tremaine LLP) : Proposed Federal Tax Law Changes Affecting Estate Planning (October 21, 2021)

Katherine Jeffrey, of Davis Wright Tremaine LLP, has made available for download her article, "Proposed Federal Tax Law Changes Affecting Estate Planning," published in JDSUPRA. The abstract is as follows: The House Ways and Means Committee recently released its plan to pay for President Biden's proposed Build Back Better Act. Many of the changes to … Continue reading Katherine Jeffrey (Davis Wright Tremaine LLP) : Proposed Federal Tax Law Changes Affecting Estate Planning (October 21, 2021)

Accounting Today: Tax hikes turn estate and wealth advisors into ‘triage center’ for the rich (October 12, 2021)

Accounting Today has published an article, titled “Tax hikes turn estate and wealth advisors into ‘triage center’ for the rich”. The article begins as follows: Ever since Democrats unveiled their proposal to raise taxes on the wealthy, David Handler’s phone has been blowing up with pleas for help. But the trusts and estates lawyer at … Continue reading Accounting Today: Tax hikes turn estate and wealth advisors into ‘triage center’ for the rich (October 12, 2021)

Bloomberg: The Hidden Ways the Ultrarich Pass Wealth to Their Heirs Tax-Free (October 21, 2021)

Bloomberg Businessweek outlines an inside look at how Nike founder Phil Knight is giving a fortune to his family while avoiding billions in U.S. taxes. The article begins as follows: Sitting in the bleachers by the University of Oregon’s running track, Nike Inc. founder Philip Knight offered the sort of lofty promise many other super … Continue reading Bloomberg: The Hidden Ways the Ultrarich Pass Wealth to Their Heirs Tax-Free (October 21, 2021)

Giarmarco, Mullins & Horton, P.C.: Potential Changes to Gift and Estate Tax Laws in 2022 (October 2021)

Giarmarco, Mullins & Horton, P.C. has made available for download their article, "Potential Changes to Gift and Estate Tax Laws in 2022". The article begins as follows: Under a new administration, proposed tax legislation has been introduced that could significantly impact estate tax planning. While it is not clear if, or when, any of these … Continue reading Giarmarco, Mullins & Horton, P.C.: Potential Changes to Gift and Estate Tax Laws in 2022 (October 2021)

Beckett Cantley and Geoffrey Dietrich : How Soon Is Now: Estate of Moore & The Unraveling of Deathbed Estate Planning (July 23, 2021)

Beckett Cantley and Geoffrey Dietrich , of Cantley Dietrich LLC, have made available for download their article, How Soon Is Now: Estate of Moore & The Unraveling of Deathbed Estate Planning, published in Quinnipiac Probate Law Journal. The abstract is as follows: On April 7, 2020 the U.S. Tax Court ruled in Estate of Moore … Continue reading Beckett Cantley and Geoffrey Dietrich : How Soon Is Now: Estate of Moore & The Unraveling of Deathbed Estate Planning (July 23, 2021)

NY Times: The City of London Is Hiding the World’s Stolen Money (October 11, 2021)

Nicholas Shaxson in his New York Times article, discusses the Pandora Papers and how it has exposed Britain’s role in money laundering. His article, “The City of London Is Hiding the World's Stolen Money”, begins as follows: In 1969, two years after the Cayman Islands, a British territory, passed its first law to allow secretive offshore trusts, … Continue reading NY Times: The City of London Is Hiding the World’s Stolen Money (October 11, 2021)

Alan Gassman (Gassman, Crotty & Denicolo LLP) : One More Scary Estate Tax Change And New Action Items For Many Affluent Taxpayers (October 6, 2021)

Alan Gassman, of Gassman, Crotty & Denicolo, has made available for download his article, "One More Scary Estate Tax Change And New Action Items For Many Affluent Taxpayers", published in Forbes. The abstract is as follows: I thank my partner Brandon Ketron, CPA, JD, LLM for his assistance with this post.The estate tax revisions released … Continue reading Alan Gassman (Gassman, Crotty & Denicolo LLP) : One More Scary Estate Tax Change And New Action Items For Many Affluent Taxpayers (October 6, 2021)

TaxProfBlog – Democrats’ Tax Plan Upends Estate Planning Using Trusts With Life Insurance (October 7, 2021)

Paul Caron has published an article on the TaxProf Blog, titled "Democrats' Tax Plan Upends Estate Planning Using Trusts With Life Insurance", which discusses the effects of the proposed legislation on estate planning. The article begins as follows: The tax plan taking shape in Congress would strangle a strategy widely used by the wealthy to … Continue reading TaxProfBlog – Democrats’ Tax Plan Upends Estate Planning Using Trusts With Life Insurance (October 7, 2021)

Daniel J. Hemel and Robert Lord: Closing Gaps in the Estate and Gift Tax Base (August 13, 2021)

Daniel J. Hemel and Robert Lord, of University of Chicago Law School and Americans for Tax Fairness, have made available for download their article, Closing Gaps in the Estate and Gift Tax Base, published in SSRN. The abstract is as follows: Three transfer tax minimization mechanisms—zeroed-out grantor retained annuity trusts (GRATs), intentionally defective grantor trusts … Continue reading Daniel J. Hemel and Robert Lord: Closing Gaps in the Estate and Gift Tax Base (August 13, 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)

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)

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)

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)

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)