Current Comment
Dodd-Frank Wall Street Reform and Consumer Protection ActBy Davis Polk
Congress has made a policy decision to stage the effectiveness of the law over time, giving financial institutions and other market participants the ability to prepare.
What Split-interest Strategies Make Sense in a Low Interest Rate Economy? By Robert Adler, J.D.
There are proposals in Congress to require a minimum term of ten years for a GRAT. Individuals inclined to utilize a GRAT ought proceed immediately before the window of opportunity closes.
Codification of the Economic Substance Doctrine By Robert Adler, JD
Taxpayers may properly structure any legitimate transaction in order to save taxes, provided that any transaction is in fact what it appears to be in form.
Waiver of the 60-Day Tax-free Rollover Requirement By Robert Adler, J.D.
Does the accumulated experience of rollover waiver letters give us any basis for predicting how likely a particular client’s request is to be approved?
Domestic Asset Protection Trusts: New Chart Ranks the StatesBy Steven J. Oshins, Esq
Many estate and asset protection planners are using DAPTs to make some of their clients’ assets look unreachable to potential creditors. The choice of jurisdiction can have a significant effect on the timing and degree of protection.
Deductions for Life Insurance Premium Payments to Welfare Benefit Plan DeniedBy Robert Adler, J.D.
In recent years welfare benefit funds have been used as vehicles in tax-abusive schemes to generate current employer deductions for contributions that in reality are funding disguised deferred compensation arrangements.
Planning Early to Lessen the 3.8% Medicare Tax on Investment IncomeBy Robert Adler, J.D.
Because higher income taxes and capital gains taxes may be just around the corner, reducing the 3.8% tax takes on hightened importance.
Reprising RalphBy Robert Adler, J.D.
Will the cumulative premiums paid under a term contract constitute a basis in such a contract that may be carried over as the initial basis of the new universal life contract received in exchange for the term contract?
States Fix Formula Clause Problem Created by Temporary Estate Tax RepealBy Robert Adler, J.D.
If the words and concepts used in a formula to define the size of a bequest are no longer part of the Internal Revenue Code, do they have any meaning in interpreting and administering the estate?
A Guide to Retirement Plan Fees & ExpensesBy Ronald J. Triche and Brian A.Montanez
Identifies retirement plan fees and expenses to assist plan sponsors in achieving a greater understanding of their plan operations.
Estate Planning in Uncertain Times By Ronald Aucutt, Esq.
The definitive guide to advanced estate planning in uncertain times.
Concepts Illustrated
Stock Redemption and Cross Purchase Agreements, Family Attribution, Business Succession Planning...
Key Person Insurance, Executive Bonus, Deferred Compensation, Rabbi Trusts, Secular Trusts, Split-Dollar, ...
Wills, Trusts, Wealth Transfer Tax Planning, GST-exempt Trusts, GRATs, IDITs, QTIP Trusts..
Disability Income Insurance, Long Term Care Insurance, Health Insurance, 529 Plans, Taxation of Investments...
Group Term Life Insurance, COBRA, Cafeteria Plans, Flexible Spending Accounts, Health Savings Account...
IRAs, SEPs, 401(k)s, Qualified Retirement Plans, ESOPs, Rollovers, Life Insurance in Qualified Plans...
Main Libraries
Planning Techniques, Wills & Trusts, Intestacy, Uses of Life Insurance, Charitable Giving, Community Property...
Proprietorships, Partnerships, LLCs & Corporations, Buy-Sell Agreements, Family Limited Partnerships...
The Federal Estate & Gift Tax, The Generation Skipping Tax, ILITs, State Death Taxes...
Taxation of Life Insurance, 1035 Exchanges, Transfer For Value Rule, UL and VUL, Annuities...
Gifts to Minors, Charitable Giving, Crummey Powers, Gifts of Life Insurance...
Contribution and Deduction Limitations, Rollovers, Minimum Distribution Rules, Roth IRAs, Employer Sponsored Plans...
Section 162 Plans, Non-Qualified Deferred Compensation, Split-Dollar, Stock Options...
Defined Contribution and Defined Benefit Plans, Profit Sharing and 401(k) Plans, ESOPs, Tax Rules...
Planning Techniques, Gains and Losses, Exclusions From Gross Income...
Business Health Insurance, Disability Insurance, Group Life Insurance, Welfare Benefit Funds and VEBAs, Cafeteria Plans...
Types of Investment Vehicles, Taxation of Investments, Investment Strategies...
Financial Planning Concepts, Financial Planning for Special Circumstances...
Topics of special interest to financial advisors.
Covering Wills, Trusts, Intestacy, Insurable Interest, Insurance Exemption Laws...
Tax COLAs, Qualified Plans, IRAs, 7520 rate...
Various Planning Scenerios...
A listing of all Main Libraries.
Selected Highlights
Significant tax advantages can be achieved by widows and widowers who are beneficiaries of credit shelter trusts (established upon the deaths of their respective spouses), through the purchase...
The unique characteristics of life insurance make an irrevocable life insurance trust a unique hedge against both tax uncertainty and the contingency of mortality.
Under common law minors cannot own property in their own names. This does not mean that a minor cannot inherit an IRA or be designated as the beneficiary of an IRA; it means that their are special considerations.
If there were no insurance exemption from the claims of creditors, the purpose for owning insurance would be undermined. The financial security of an insured`s dependents would depend upon whether the insured was solvent or insolvent at the time of death.
For wealthier and more sophisticated investors 529 Plans may not be the best option to financially prepare for college.
The most important planning element that emerges from §101(j) is the need to obtain the consent of the insured party prior to the issuance of an EOLI policy.