This article titled “How Volatility Eases Estate Planning” was in the September 06, 2011 online edition of the Wall Street Journal. Families with taxable or potentially taxable estates (think $5M and up…) should consider reviewing this article in considering advanced planning ideas while asset values and interest rates are low and estate and gift tax laws are favorable. Estate and gift
How to Avoid Taxes on Life and Disability Insurance (Smart Money Magazine) The above article from Smart Money magazine is a simple and concise synopsis of why some individuals and families with taxable estates or large life insurance policies may want to consider establishing Irrevocable Life Insurance Trusts (“ILITs”). While life insurance proceeds are generally free from income tax, they remain
Is Now the Time to Give Away the Business? This Wall Street Journal article from the excellent “You’re the Boss” blog describes how the new 2010 tax laws concerning estate and gift taxes have created an excellent opportunity for some business owners to transfer large chunks of their businesses to family members without incurring estate or gift taxes. The previous lifetime