Sentences with phrase «estate tax laws»

You may want to find out how your policy is affected by a change in estate tax laws or if you get divorced.

The truth is that real estate tax laws are rather complex and just well understood by legal representatives that focus on these laws.

Under current estate tax law, most assets that pass to a surviving spouse are not subject to estate tax.

Such estate tax law changes can turn a good estate planning strategy into a bad one for the same client.

Check your state's tax laws or consult an accountant to understand the latest estate tax laws in your area.

So make sure to check your state's estate tax laws as well.

You might also want to update your estate plan to reflect changes in property values, as well as to take advantage of various estate tax laws.

In 2006, there were multiple votes for new estate tax laws that went nowhere.

Finally, when it comes to estate planning, under the current estate tax laws, most people will avoid having to pay estate taxes.

Meanwhile, a real estate tax law firm paid Silver for using his political clout to net powerful developers as clients, prosecutors said.

However, if you have significant wealth, then you need to keep on top of US estate tax laws.

There is still a lot of uncertainty about the future of estate tax law and along with that is the very real need for -LSB-...]

Deduction allowed by federal estate tax law for all property which passes to a surviving spouse, irrespective of the amount, free of tax.

One of the big surprises from the last - moment deal that pulled the nation back from the fiscal cliff was the permanent estate tax law, which should make estate - planning go much more smoothly for advisors and their wealthy customers. . .

Living trusts are more commonly used in the United States where costly living trusts are needed because of complex estate tax laws.

Current U.S. estate tax laws also provide significant advantages to foreign investors.

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Permits conversion into two equal individual universal life insurance policies should a divorce or significant estate tax law changes occur.

Real Estate Tax Law LLC is a firm committed to servicing real estate investors» taxation, legal and bookkeeping needs.

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.

Over the next 12 months, «given he is heavily invested in the real estate space, I would expect him to protect favorable real estate tax laws currently in place and will probably try to create more incentives to encourage investment / development.

In addition, prosecutors said Silver took what he considered referral fees from a real estate tax law firm while directing tax breaks to two developers, including the state's largest political donor, Glenwood Management.

Finally, if you have a very large portfolio, make sure you stay up to date with US estate tax laws, which changed in early 2013.

For example, assets that are being held in what is called «B Trusts» due to huge changes over the years in estate tax laws can be converted to life insurance policies thereby reserving an estate tax free death benefit.

It gives you and the other policy owner the option to exchange your policy for two individual policies within a year of a particular event, such as divorce or a change to the federal estate tax law.

Under current estate tax laws, any transfer of assets to a third party is closely scrutinized because those seeking to limit estate taxes naturally would be inclined to transfer the assets to adult children or other heirs prior to death.

At Rocket Lawyer, we want to help you decode the recent (and potential) estate tax law changes, and how they will affect you and your family.

The Skelos case featured allegations that the former state Senate majority leader had pressured Glenwood into giving his son, Adam, a job, while Silver's case detailed how the former Assembly speaker directed Glenwood to real estate tax law firm Goldberg & Iryami — only for the law firm to quietly direct $ 700,000 in referral fees to Silver.

Estate tax laws can be complex and convoluted.

These types of policies are most common for estate planning purposes where after both insureds pass, immediate cash is needed to settle an estate or mitigate larger tax bills due to estate tax laws.

With retirement benefits, you need to know the impact of income tax and estate tax laws in order to select the right beneficiaries.

All gifts are deductible to the extent allowed under federal income, gift and estate tax laws.

Windsor was denied equal protection because she chose to marry someone of the same sex, and the estate tax laws discriminated against same - sex marriages.

U.S. District Attorney Preet Bharara's office claims the veteran lawmaker sold out to real estate interests in exchange for kickbacks from a real estate tax law firm.

Silver was eventually convicted on charges that he had obtained nearly $ 4 million in illicit payments in return for «official actions» that included direct handouts and votes on rent and real estate tax laws that would prove beneficial to Glenwood and Witkoff, among others.

At the urging of Silver, Glenwood retained a real estate tax law firm — Silver then took a portion of the Glenwood fees paid to the tax firm, without actually doing any legal work.

«Significant reforms to the state's estate tax law, eventually matching the federal exemption, will eliminate the estate tax for many small businesses, farm owners, and homeowners alike, avoiding business disruptions and reducing the incentive to migrate out of New York.

At a firm specializing in real estate tax law, Silver received big fees for using his political clout to steer powerful developers to the firm as clients, authorities said.

Significant reforms to the state's estate tax law, including an increased exemption that will match the federal exemption, will eliminate estate tax liability for many small business and farm owners, as well as homeowners and other state residents.

The Speaker has no background in real estate tax law.

It's also crucial to understand that US estate tax laws have changed several times in recent years (most recently in December 2010) and will likely change again after the presidential election next year: the current law is only valid until the end of 2012.

Estate tax laws could always change but I doubt they would that drastically.

Depending on the current estate tax laws (the death tax) a trust can help preserve an estate exemption.

The uncertainty of the estate tax law means that families will desire to hedge their bets, in a manner of speaking, in order to avoid or mitigate the estate tax consequences.

Recent changes to the estate tax laws have raised the threshold on what size estates are subject to tax.

Basically, Congress has shown an inability to address the Estate Tax laws.

For this and other reasons, I feel strongly that the Estate Tax laws will not be tackled in the near future, and that the Estate Tax system will revert to the pre-EGTRRA laws.

A good example is the Estate Tax Laws changing in January 2013.

Here's a quick breakdown of how taxpayers are affected by the current estate tax laws:

We don't typically deal with this level of planning for individuals who are in their 30 ′ s or 40 ′ s, as under current estate tax law, and estate is not taxable at the federal level until it is valued at over $ 5 million dollars, and you can imagine that very few individuals in their 30 ′ s and 40 ′ s have accumulated that sort of money.