Credit Shelter Trust

Type: Keyphrase
Name: Credit Shelter Trust
First reported 8 hours ago - Updated 8 hours ago - 1 reports

New York Estate and Trust Tax Changes: the Good, the Bad and the Ugly

As we noted in our recent client alert , New York Governor Andrew Cuomo announced in January that he would introduce legislation intended to reduce the estate tax incentive for New Yorkers to move out of the state shortly before death. The devil is in ... [Published JD Supra - 8 hours ago]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Trial begins in Beaverton School District property condemnation case

Attorneys for the Beaverton School District and Crescent Grove Cemetery Association nailed down the rules of engagement before selecting jurors in an eminent domain case Wednesday.The case involves 15 acres in South Cooper Mountain that the district is ... [Published The Hillsboro Argus - Apr 17 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 2 reports

Portability Plans Vs Credit Shelter Plans Round 2: Complexity and Asset Protection

Complexity vs. Simplicity Many people believe portability to be a simplification of the credit shelter trust, in part because one of the purposes of the portability legislation is to achieve an estate tax outcome that is similar to a credit shelter based ... [Published DailyMe.Com - Apr 15 2014]
First reported Apr 08 2014 - Updated Apr 08 2014 - 1 reports

Portability Plans Vs Credit Shelter Plans Round 1: Step Up in Basis

Before portability, most estate plans for married couples fell into a well-defined pattern, which typically included (a) a credit shelter trust, and (b) either a QTIP Trust or an outright distribution to the surviving spouse. Now, with portability, there ... [Published Forbes.com - Apr 08 2014]
First reported Apr 07 2014 - Updated Apr 07 2014 - 1 reports

Real estate transactions April 7, 2014

Axcess Diagnostics Building Bradenton LLC to Coastal Center 64 E LLP, 64 Center East, O.R. Book 02513 Page 6062, March 24.$1,300,000 Fifth Third Mortgage Company to Doyle James R, Doyle Valyncia L, Lot 7 Blk A Bay Beach, O.R. Book 02514 Page 3352, March ... [Published Bradenton Herald - Apr 07 2014]
First reported Apr 04 2014 - Updated Apr 04 2014 - 1 reports

Boosting your estate planning power: How to “supercharge” a credit shelter trust

For years, the credit shelter trust has been a standard weapon in married couples’ estate planning arsenals. Today, however, a $5.34 million estate tax exemption amount combined with portability of exemptions between spouses means that traditional estate ... [Published JD Supra - Apr 04 2014]
First reported Apr 03 2014 - Updated Apr 03 2014 - 1 reports

Insight on Estate Planning - April/May 2014

In This Issue:- Boosting your estate planning power: How to “supercharge” a credit shelter trust- ABCs of HSAs: Learn how an HSA can benefit your estate plan- A family bank professionalizes intrafamily lending- Estate Planning Pitfall: Your documents ... [Published JD Supra - Apr 03 2014]
First reported Mar 26 2014 - Updated Mar 26 2014 - 1 reports

After DOMA

, in a 5-4 decision, the U.S. Supreme Court ruled most of the Defense of Marriage Act (DOMA) to be unconstitutional. The result of this landmark case means that same-sex marriages enacted into law by any state will now be recognized for federal tax and ... [Published LifeHealthPro - Mar 26 2014]
First reported Mar 24 2014 - Updated Mar 24 2014 - 1 reports

Biz Brain: Avoiding NJ estate taxes no small task

A. Bravo, John, for being proactive to protect your assets from a big tax bite.An A-B Trust, also called a credit shelter trust, is a great tool for married couples who want to shield their estate from avoidable estate taxes.In general, there would be ... [Published Star Ledger - Mar 24 2014]
First reported Mar 18 2014 - Updated Mar 18 2014 - 1 reports

Planning for Married Couples After ATRA -- Part I

, Congress passed the American Tax Relief Act of 2012 (ATRA), and on January 2, 2013, President Obama signed ATRA into law. ATRA makes permanent, with certain modifications, the transfer tax provisions of the so-called Bush tax cuts, originally enacted ... [Published Forbes.com - Mar 18 2014]
First reported Mar 12 2014 - Updated Mar 12 2014 - 1 reports

4 Ways Not to Ruin Your Clients’ Taxes

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the bottom of any article.March 12, 2014 Advisor and tax expert Less Antman ... [Published AdvisorOne - Mar 12 2014]
First reported Mar 11 2014 - Updated Mar 11 2014 - 1 reports

Estate Planning Beyond the $10.68M Exclusion

by: Donald Jay KornMonday, March 10, 2014Between portability and a plump exemption, few clients have to worry about federal estate tax, at least for now.Nevertheless, wealthy individuals and families still can benefit from such planning. “We continue ... [Published On Wall Street - Mar 11 2014]

Quotes

"That has no relevance to this case," Cahn said. "It makes the jury think the school district was foolhardy with its cash because it condemned property it didn’t use."
"By transferring assets to your wife, you will be deemed to make a gift to her of your half of the value of the account," she said. "Because there is an unlimited marital deduction for gift tax purposes, there is no gift tax."
"In taxable accounts, maximize equities to take advantage of deferral of unrealized gains and favorable rates when gains are realized, and use index funds or funds that minimize the turnover of profitable positions. ETFs are particularly tax-friendly because sales are often executed through nontaxable transfers of positions with other ETFs or large institutional investors. As far as possible, keep real estate investment trusts, interest-bearing investments and high-turnover funds sheltered. When rebalancing, first change the investments in sheltered accounts or by recommending the client change their 401(k) allocations, and only rebalance in taxable accounts with new money or the proceeds of dividend distributions.”"

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New York Estate and Trust Tax Changes: the Good... [Published JD Supra - 8 hours ago]
Trial begins in Beaverton School District prope... [Published The Hillsboro Argus - Apr 17 2014]
Portability Plans Vs Credit Shelter Plans Round... [Published DailyMe.Com - Apr 15 2014]
Portability Plans Vs Credit Shelter Plans Round... [Published Forbes.com - Apr 15 2014]
Portability Plans Vs Credit Shelter Plans Round... [Published Forbes.com - Apr 08 2014]
Real estate transactions April 7, 2014 [Published Bradenton Herald - Apr 07 2014]
Boosting your estate planning power: How to “su... [Published JD Supra - Apr 04 2014]
Insight on Estate Planning - April/May 2014 [Published JD Supra - Apr 03 2014]
After DOMA [Published LifeHealthPro - Mar 26 2014]
Biz Brain: Avoiding NJ estate taxes no small task [Published Star Ledger - Mar 24 2014]
Planning for Married Couples After ATRA -- Part I [Published Forbes.com - Mar 18 2014]
4 Ways Not to Ruin Your Clients’ Taxes [Published AdvisorOne - Mar 12 2014]
Estate Planning Beyond the $10.68M Exclusion [Published On Wall Street - Mar 11 2014]
Franklin County Deed Transfers for the week of ... [Published Chambersburg Public Opinion - Nov 29 2013]
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