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With the arrival of the new year, revisions to the annual gift tax and estate tax exclusions will be going into effect, as recently announced by the Internal Revenue Service (IRS). Our Estate Planning Attorney Discusses the...

The last proposed budget of Barack Obama's presidency contains several changes to the tax codes important to estate planning. President Obama has submitted his last budget proposal to Congress. It contains many of the...

In an effort to reduce their estate tax burdens, many wealthy families are tempted to undervalue their prized collections, such as art. The IRS, however, makes its own valuations. As with other taxes, most people seek ways to...

If your spouse passed away in the last three years, the IRS is offering a potential estate tax break for your estate. However, you need to act quickly if you want to take advantage of it. One of the newer and better...

When your beneficiary inherits your tax-deferred retirement plan (whether it’s a 401(k), IRA, 403(b), or SEP) after you pass away, they are required to pay taxes on all the money they receive. These taxes, which could...