Sentences with phrase «when estate tax laws»

When estate tax laws had low threshold limits, executors and beneficiaries often found themselves needing to liquidate quickly to meet the tax liabilities in a timely fashion or face fines and penalties.

Not exact matches

When it comes to residence issues, tax law, corporations, foundations, banking, and real estate, there is no better authority in Panama.

Of course, certain lawyers and other estate planners (your correspondent among them) will also have to turn to more productive work when the law no longer makes it easy to propose a six - figure tax - saving strategy after just 15 minutes of conversation with a new client.

We like to refer to Rosenstein & Associates as being «The Temecula Law Firm» and that our clients can rely on us to help in the formation of a new business, help manage the legal needs of an existing business, including when necessary business & corporate litigation; ongoing transactional matters (more commonly referred to as contractual matters); assisting with the filing of copyrights and trademarks; assistance with real estate transactions, assistance with tax audits, tax litigation, and when necessary with business reorganization, including filing a Chapter 11 or a business Chapter 7 under the U.S. Bankruptcy Code.

He also promised to repeal a law placing absolute liability on contractors when workers are injured on scaffolding, eliminate the estate tax — Cuomo and legislators this year raised the exemption threshold — and adopt a report by State Senate Republicans recommending dozens of regulations be repealed.

De Blasio's last housing fight led him in June to angrily accuse Gov. Andrew M. Cuomo of carrying out a «vendetta» when whey clashed on the mayor's efforts to amend a real estate tax abatement program and win stronger rent control laws.

But when you care about rent laws, or fracking, or marriage equality, or repeal of the estate and bank taxes, or anything else, you better start asking about who is giving money to whom.

Since the Edmonton home is considered your mother - in - law's primary residence there would be no taxes owing by the estate when your mother - in - law passes away.

It's also worth mentioning that while the implications of being married or common - law are identical from a tax perspective, that's not always the case when it comes to other financial milestones like estate planning, insurance, joint investments etc..

More importantly, from an estate tax perspective, the estate would very much want to avoid New York's burdensome estate tax and to benefit from the laws of California, which hasn't had a state estate tax for those domiciled there since Jan. 1, 2005, when it was phased out under the provisions of the Economic Growth and Tax Relief Reconciliation Atax perspective, the estate would very much want to avoid New York's burdensome estate tax and to benefit from the laws of California, which hasn't had a state estate tax for those domiciled there since Jan. 1, 2005, when it was phased out under the provisions of the Economic Growth and Tax Relief Reconciliation Atax and to benefit from the laws of California, which hasn't had a state estate tax for those domiciled there since Jan. 1, 2005, when it was phased out under the provisions of the Economic Growth and Tax Relief Reconciliation Atax for those domiciled there since Jan. 1, 2005, when it was phased out under the provisions of the Economic Growth and Tax Relief Reconciliation ATax Relief Reconciliation Act.

When I started practicing law in 1988, the clients» major concerns were avoiding probate and avoiding paying estate taxes.

When needed, we call on the skills of our practitioners in corporate, securities, real estate, finance, employment, and tax law to optimize underlying business objective.

Because the payment from the life insurance company will usually proceed when the estate tax is due, this arrangement can be handled by a law firm, accountant or even by the beneficiary to ensure that the taxes are fully paid.

However, the tax laws dictate that the death benefit from your life insurance policy gets added into the rest of your estate when calculating your estate's value and the amount of estate tax you owe.

The marital deduction law allows married couples to transfer an unlimited amount to their spouse without an estate tax hit; however, the surviving spouse does not get this privilege when transferring his / her estate to their beneficiaries, such as children or grandchildren.

The second - to - die life insurance product was developed in the 1980s when a new law enabled married couples to delay federal estate taxes until both spouses passed away.

Upon the death of a person, when their remaining assets are passed down to their heirs, the value of these assets can be taxed at as high as 40 % of their value in the United States, under estate tax law.

Survivorship policies can offer substantial tax benefits for those with large estates, but the tax laws are complicated when setting up estates, so consult a professional who specializes in estate planning before deciding to purchase a survivorship policy.

Tax laws are complex, and only an attorney who specializes in tax law or estate planning can determine how best to utilize life insurance when establishing a trust or legacy for heiTax laws are complex, and only an attorney who specializes in tax law or estate planning can determine how best to utilize life insurance when establishing a trust or legacy for heitax law or estate planning can determine how best to utilize life insurance when establishing a trust or legacy for heirs.

David LaRue: It goes back literally to the early 1990s period, when a lot of private companies were doing the UPREIT conversions based on a different financial bind that they found themselves in during that early 1990s real estate depression based on the change in tax laws and the savings & loan crisis.

Most apartment owners cheered in 2001 when a new law was passed to gradually phase out the estate tax, but a closer examination shows that the law could actually hurt many property owners...

But tax is its own universe, so for tax law purposes, when a DST is designed properly, is treated as a direct ownership interest in the underlying real estate,» said Steven R. Meier is co-chair of the real estate securities practice at Jenner & Block.

Also see some of the helpful Real Estate articles I have written in the left side bar including top ten home selling tips, preparing to sell a home, low cost home improvements when selling a home, septic systems and Title V, smoke and carbon monoxide detector laws, handling multiple offers, Real Estate capital gains tax laws, short sales, and Massachusetts home selling costs.