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By Alison E. Lothes Originally written for WealthManagement.com No Loss of Generation-Skipping Transfer Tax Exemption In Private Letter Ruling 201528014 (released July 10, 2015), a decedent’s will established two trusts, dividing the residue of his estate equally for the benefit of his daughter and son and their respective children. ...

The Obama administration released its 2016 budget proposals, known as the Greenbook. The following is a summary of the items that are most relevant to estate-planning professionals. ...

Until recently, bank statements were filed in cabinets, photos stored in family photo albums, records or CDs were stacked next to the stereo system, and books sat on a shelf. At death, these assets were divided among the family, typically as directed in an informal...

Fifth Circuit affirms district court ruling that imposed personal liability on donees for gift tax plus interest....