Paul Newman’s Legacy – Estate and Business Planning Finally Meet

By: William T. Coleman Several years ago a client wanted to set up a private foundation and gift his 100% ownership in his corporation to a private foundation so that the profits generated were used for charitable purposes.  Unfortunately, Section 4943 of the Internal Revenue Code of 1986 (the “Code”) limited his ability to [...]

By |2018-03-01T13:06:14-05:00March 1st, 2018|Blog, Estate Planning, Taxation|

Estate Planning: Higher Estate Tax Exemption Changes Focus to Income Tax Planning

By: Ronald L. Siegel After more than a decade of uncertainty, we now have a clear picture of the Federal Estate and Gift Tax Exemption. The exemption amount, which is adjusted annually for inflation, is Five Million Three Hundred and Forty Thousand Dollar ($5,340,000.00) for an estate of a person who passes away in 2014.  [...]

By |2017-03-13T13:31:11-04:00July 24th, 2014|Blog, Estate Planning, Taxation|