LOOKING FORWARD TO 2012 Now in the last quarter of 2011, the investment marketplace continues to be volatile, Congressional leaders are still posturing, another potential debt crisis is ahead of us, “Wall Street” is said to be “occupied,” unemployment continues to be high, and Republican Presidential candidates are debating one another three monthsbefore the first [...]
Many trusts created in the past were set up as ‘income-only” trusts in which the net income would be payable to the beneficiary during lifetime or during the term of the trust. A typical example of such a trust would be the QTIP Marital Deduction Trust set up for a surviving spouse. Given the modest [...]
The Tax Act of 2010 (the “Act”), signed by President Obama on December 17, 2010, makes important changes in our Federal estate, gift and generation-skipping transfer tax rules. In many situations, the new rules present significant estate planning opportunities during the next two years. This Report summarizes some of these changes. I. Key Estate and Gift [...]
Representing private clients in all aspects of estate and tax planning and fiduciaries in the administration of estates, trusts and private foundations. We’re proud to celebrate the opening of our new firm.