Personal Planning Strategies

Top Ten Estate Planning Recommendations before the End of 2020
Spousal Lifetime Access Trusts – ("SLATS")

on October 2020

Wealth Management Update

October 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
 
Jon Dickinson et ux. v. Commissioner, T.C. Memo 2020-128 – Donations of Stock to Donor Advised Fund Were Not Taxable Redemptions
 
Estate of Mary P. Bowles, et al. v. Commissioner, T.C. Memo 2020-71 (June 1, 2020) – Characterization of a Loan as a Gift
 
James C. Nelson et ux. v. Commissioner, T.C. Memo. 2020-81 – Transfer of Limited Partnership Interests by Fixed Dollar or Percentage Interests

on October 2020

Wealth Management Update

September Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intrafamily Loans and Split Interest Charitable Trusts
 
New York's Department of Taxation and Finance Confirms that Any New York Source Income will Subject All of a New York Resident Trust's Income to New York State Income Tax. TSB-A-20(2)(I) (Feb. 4, 2020)
 
Florida's 3rd District Court of Appeals Holds that the Settlor and Sole Current Beneficiary of a Self-Settled Irrevocable Trust May be Removed as Trustee by the Court under Florida's Uniform Trust Code. Wallace v. Comprehensive Personal Care Services, Inc. (Fla. 3d D.C.A., June 3, 2020)

on September 2020

178 Proskauer Lawyers Recognized by "The Best Lawyers in America" 2021 Awards

on August 20, 2020

Estate Planning for Real Estate Owners

on August 18, 2020

Wealth Management Update

July 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intrafamily Loans and Split-Interest Charitable Trusts
 
Precious Metals Now Deemed Tangible Personal Property in Florida
 
The Tax Court reiterates and applies the factors for determining whether intrafamily loans are, in fact, loans in Estate of Bolles v. Commissioner, T.C. Memo 2020-71 (2020)
 
In Goodrich, et al. v. USA, 125 AFTR 2d 2020-1276 (DC LA, 3/17/2020), the U.S. District Court for the Western District of Louisiana sends a reminder that state substantive law can sometimes determine federal tax consequences
 
California Bill A.B. 2936 may indicate increased scrutiny, or even regulation, of donor advised funds
 
COVID-19 Update

on July 2020

Precious Metals Now Deemed Tangible Personal Property in Florida

on July 1, 2020

IRS Announces Record Low Interest Hurdle Rate For June, Making Now an Ideal Time to Create a GRAT

on May 27, 2020

Wealth Management Update

May 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts AFRs
 
PLRs 202013001, 202013002, 202013003, 202013004 and 202013005 (March 27, 2020)
 
Estate of Streightoff v. Commissioner, 2020 BL 11889 (5th Cir. March 31, 2020)
 
Estate of Moore v. Commissioner, T.C. Memo 2020-40 (April 7, 2020)

on May 2020

Wealth Management Update

Assisting Your Clients In The COVID-19 World
 
Funding Revocable (Living) Trusts
 
Review Estate Planning Documents
 
IRAs and Retirement Plans
 
Estate Planning Opportunities

on April 2020