Category Archives: Federal Estate Tax

Supreme Court finds DOMA Section 3 Unconstitutional

On March 27th of this year the Supreme Court held oral arguments in U.S. v. Windsor (“Windsor“).  Windsor involves federal laws and benefits, and their applicability to same-sex marriages. You can read my previous thoughts on the Windsor case here. … Continue reading

Posted in DOMA, Estate Planning, Federal Estate Tax, Same-Sex Couples, Supreme Court, Survivor Benefits | Tagged , , , , , | 2 Comments

Windsor Argument Today at Supreme Court is about Estate Tax

I am taking a break from my series of posts on the Basics of Probate Administration in the District of Columbia to address current events before the Supreme Court that could have wide ranging impact on estate planning. I mentioned … Continue reading

Posted in DOMA, Estate Litigation, Estate Planning, Federal Estate Tax, Same-Sex Couples, Supreme Court, Wills | Tagged , , , | 1 Comment

The Fiscal Compromise and Estate Planning

Luckily… It is a few days since the world was allegedly going to end – either on the Mayan Calendar or the Fiscal Cliff Calendar – and we survived. We also got an answer to the question of whether there … Continue reading

Posted in Assets, Estate Planning, Federal Estate Tax, Income Tax, Portability | 1 Comment

Will there be an Estate Tax Fix in 2013?

It’s been about ten days since the Presidential election and with everyone relaxing a little, now is a good time to talk about what the election results mean for the estate tax and estate planning.  If you are not aware, … Continue reading

Posted in Estate Planning, Federal Estate Tax, Gift Tax, Income Tax, Portability | 2 Comments

To Trust or not to Trust: Part III…Taxes and Privacy are Factors in Creating a Trust

Another reason a person might want to establish a trust is the privacy a living trust bestows. A will needs to be probated, or in layman’s terms, submitted to the court for review. The will becomes part of the public … Continue reading

Posted in Estate Planning, Factors for Creating, Federal Estate Tax, Revocable Living Trusts, Trusts | 4 Comments

Why the rise in the Federal Estate Tax Exemption to $5 million shouldn’t stop you from planning your estate?

On Friday, December 17th, President Obama signed an $858 billion dollar tax compromise.  The compromise stopped a rise in numerous income tax rates AKA “the Bush Tax Cuts” from coming back on January 1st and extended unemployment benefits for millions … Continue reading

Posted in Advanced Medical Directives, Durable Power of Attorney, Estate Planning, Federal Estate Tax, Guardianships, Living Will | Leave a comment

Does the Rumored Tax Plan Impact the Estate Tax?

A number of media reports state that President Obama and Congressional Republicans have agreed on a tax/budget deal yesterday, December 6, 2010. I will not speak to the politics of the deal, but the question is how that compromise impacts … Continue reading

Posted in Federal Estate Tax, Income Tax, Uncategorized | 1 Comment

The Basics of Virginia Probate Administration…Part VIII: Taxes

This is my eighth post on my continuing series on the Virginia Probate Administration taxes.  You can read previous posts on this series including Part I: introduction to probate (here), Part II: qualifying to be the personal representative (here), Part … Continue reading

Posted in Federal Estate Tax, Income Tax | 2 Comments

Maybe Billionaires Beneficiaries aren’t skipping out on 2010 Estate Tax

There is an interesting article in the Wall Street Journal last week that discusses how the beneficiaries of Dan Duncan’s estate might not have been greatly impacted by the lack of an estate tax in 2010.  Duncan, natural gas tycoon … Continue reading

Posted in Estate of the Month Updates, Estate Planning, Federal Estate Tax, Probate Assets | Leave a comment