Aug 27, 2015 | Asset Protection Planning, Business Law Blog, Estate Planning
The Obama administration recently released its budget proposal for the 2016 fiscal year. As in past years, this budget proposes changes to the laws governing federal estate, gift and generation-skipping transfer (GST) taxes. Several of these changes would raise...
Aug 21, 2015 | Asset Protection Planning, Business Law Blog, Estate Planning
As of July 1, 2015, Connecticut probate courts earned the dubious distinction of charging the highest probate fees in the U.S. Amazingly, the Connecticut legislature voted to completely cut general fund support for the state’s probate courts for the next two...
Aug 13, 2015 | Asset Protection Planning, Business Law Blog, Estate Planning
Recently the IRS issued the final rules governing the “portability election” as it relates to the federal estate tax exemption. Married couples need to understand how these final rules may affect their existing estate plans, while recent widows and...
Aug 5, 2015 | Asset Protection Planning, Business Law Blog, Estate Planning
If you have created a dynasty trust that you intend to last for decades into the future, choosing the right trustee is critical to the trust’s longevity and ultimate success. Initially you may think that a family member, such as a sibling (“Uncle...
