Estate Tax Planning and Asset Titling

ESTATE TAX PLANNING AND ASSET TITLING  By: Kathleen Fowler, Esq.    The new federal tax law signed on December 17, 2010, provides that for years 2011 and 2012, an individual who dies can leave $5,000,000.00 estate tax-free.  Unless Congress acts, this federal estate tax exemption automatically returns to $1,000,000.00 per individual for years 2013 and [...]

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The Family Foundation

THE FAMILY FOUNDATION By Kathleen Fowler, Esq.   In prior editions of Primetime, I have written about Charitable Remainder Trusts (CRTs) and Charitable Lead Trusts (CLTs) as planning tools to meet charitable objectives.  Here, I will focus on the Family Foundation.  When clients discuss their estate planning objectives, they talk about their wishes for their [...]

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Key Medicaid Rules for Long Term Care Coverage in 2010

Limitations, Allowances, Transfer Rules, and more for 2010.

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What About The House?

Typically, the house on the Cape is the most valuable asset in the estate. It may also be the value that creates a MA and/or federal estate tax.

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Combination Long Term Care Products-Now More Valuable

New tax rules allow insurance companies to offer contracts that have clear income tax advantages.

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ABC GST Explanation

Utilize both the Massachusetts and Federal estate tax free amounts without creating an estate tax that would be payable by the surviving spouse.

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Intentionally Defective Irrevocable Trust Planning (IDIT)

Sell an asset to an IDIT without incurring a capital gain tax and freeze the value of the sold asset.

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Learning To Be Charitable

How do we teach our children to be charitable? I have learned much about how to accomplish this objective from my clients.

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Lifetime Charitable Planning

Accomplish your charitable objectives at death and get a current income tax deduction and a stream of income.

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