THE 2001 ACT DID NOT ELIMINATE THE GIFT TAX. That means CPAs and their clients still face compliance issues when preparing and filing Form 709, United States Gift (and Generation-Skipping Transfer) ...
With the introduction of H.R. 601 the rate of gift, estate and generation-skipping tax would be about the same rate as that of capital gains. So, if a business had to be sold to pay the estate tax, it ...
Deborah V. Dunn, partner, and Mary L. Kaczmarek, associate, Kirkland & Ellis LLP, Chicago Under Internal Revenue Code Section 2642(f)(1), the grantor of a trust cannot effectively allocate ...
Every week, Allworth Financial's Steve Hruby, CFP®, and Bob Sponseller, ChFC®, answer your questions. If you, a friend, or someone in your family has a money issue or problem, feel free to send those ...
A Q&A on the potential 2026 estate, gift, and generation-skipping transfer (GST) tax changes and how counsel should approach planning with the uncertain future of federal transfer tax. As the national ...
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