Posts Tagged ‘ hermosa beach estate planning ’

Live Webinar: Avoiding Inheritance Disputes | Wednesday, September 23rd at 5:30

Inheritance disputes after a parent’s death are all too common for even the most well-adjusted families. Disputes may consume hundreds of thousands of dollars in attorneys’ fees and destroy once healthy sibling relationships. Fortunately, disputes are often predictable and avoidable with careful planning.

Join us next Wednesday, September 23rd at 5:30 as Chris Carico discuses drafting and planning tips that minimize the chances for inheritance disputes.

The webinar…

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Tax Legislation Doubling the Federal Estate Tax  Exclusion Opens Door for Important Capital Gains Tax Planning in Living Trusts for Married Couples

by Angela Kil, Esq.

An important federal tax law that took effect on January 1, 2018 that increased the estate tax exclusion from $5,490,000 in 2017 to $11,180,000 in 2018 for each taxpayer (now $11,400,000 in 2019).  Under the new law, in 2019, married couples can now shelter a combined inflation adjusted $22,800,000 from estate tax using both spouse’s exclusions.  However, the increase to $11,400,000 per spouse may be…

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Special Tax Election Now Available for Spouses Under Revenue Procedure 2016-49

by Lilian H. Walden, Esq.

Effective September 27, 2016, the IRS will now permit a special tax election for surviving spouses (known as a QTIP election).  This will apply even  when it is not necessary to reduce the estate tax liability to zero upon the death of the first spouse, pursuant to Revenue Procedure 2016-49.  Prior to this point, there was some uncertainty over whether or not with the new portability rules, a QTIP election…

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