Tag: Income Tax
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Loper Bright Supreme Court Decision: Opportunity to Reassess Tax Positions
The Loper Bright case, decided by SCOTUS at the beginning of July, and which overruled its 1984 decision in Chevron v. Natural Resources Defense Council, Inc., represents a generation change in the importance of all Federal regulations from those issued under antitrust legislation to those under the Internal Revenue Code. The decision reclaims for the…
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Flex Your Beneficiaries: How to Reduce Trust Income Taxes and Maintain Creditor Protection
InterActive Legal, Peak Trust Company, and Shenkman Law invite you to a complimentary webinar on “Flexible Beneficiary Trusts” – a trust design strategy for keeping assets protected from creditors and potential spendthrift beneficiaries while still taking advantage of the generally lower income taxes resulting if trust income can be taxed to beneficiaries.
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Single Clients: Planning Considerations
Too often planning articles and conferences use a “Cleaver family” as the touchstone for planning. The reality is that intact married family units constitute a small percentage of the population. Further, a tremendous percentage of the population is single and the proportion of the population that is single has grown substantially over the decades and…
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The ABCs of Estate Planning for Retirement Benefits in a Post-SECURE World
Non ILS subscribers can rent this recorded webinar on-demand. The SECURE Act has been part of the estate planning landscape for more than a year, but some planners are understandably still considering how (or if) it impacts their clients. A lack of regulatory guidance has generated further confusion, as professionals try to work within a…
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GA Runoff Elections Concluded: Anticipated Tax Changes Affecting Estate Planning for This and Future Years
The tax world is likely to change (yet again!) and if so, that will have far reaching economic effects. You and your clients need be prepared…not later this year, not later this month, but NOW. Although we cannot know what will be proposed by the Biden Administration, we have plenty to consider. And it is…
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Tax Rules You Must Know When Using Trusts (Medicaid Planning or Otherwise)
Creating trusts for estate planning and Medicaid planning is an essential tool for every estate planning and elder law attorney. However, any time a trust is created, there are income tax consequences that could be both unexpected and detrimental to the client’s overall financial picture.
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A Disruption in Trust Taxation—Kaestner & Paula Cases Reviewed
Join us for a complimentary in-depth discussion of two recent court opinions of great importance, both of which should be considered in trust planning and in trust administration.
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How ING Trusts Can Offset Adverse Effects of Tax Law: Part I-Completed gifts or not, their time has arrived
The Tax Cuts and Jobs Act (the Act) has radically changed income and estate taxation for many Americans, calling for new approaches to various aspects of planning for U.S. individuals. […]
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Cross-Border Estate Planning-What every Domestic Estate Planner Needs to Know
This session will begin with a primer on planning for foreign clients who have domestic property or U.S. beneficiaries, including steps that should be taken if the client intends to immigrate to the United States
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Grantor Trusts: Third Party and Grantor Debt
This presentation will discuss many of the tax and non-tax consequences of debt on property when transferred or later imposed on the property or later relieved.
