Tax and Estate Planning


Ten Minute Interview: Entity-level Tax Selection
Foley & Lardner
In this 10-minute interview, Brian Lucareli and Tim Voigtman of Foley & Lardner discuss developments regarding the entity-level taxation. Insights are provided on the impact of the SALT
More Families Can Now Take Advantage of a $24.12 Million “Portable” Estate Tax Exemption
Waller Lansden Dortch & Davis
For families with significant wealth, a new IRS Revenue Procedure could result in millions of dollars in tax savings. The procedure makes the Deceased Spouse Unused Exclusion available up to five
Settling the Affairs of a Loved One
William Blair & Company
Losing a loved one can be very difficult. Yet, as an executor, spouse, or family member, you need to take steps to ensure that your loved one's financial affairs are properly settled. To help
Tax Residency Checklist
Before changing your residency to a new state for income tax purposes, consider the items outlined in this checklist. For additional insights, read more on how to successfully change your tax
Successfully Changing Your Tax Residency Requires More Than a Change of Address
Families with the means and flexibility to choose where they live, particularly those anticipating a liquidity event or a life change such as retirement may be looking for a more tax advantageous
Planning for Parenthood Financial and Estate Planning for Newborns
In preparing for the birth of his daughter, David Slover developed a to-do list each parent should think about executing. Topics shared include Last Will and Testament, Financial and Healthcare
What to Know About Managing Digital Accounts at Death
Baker Tilly
Social media and other digital accounts have a life of their own. Managing them is one aspect of managing a deceased person's digital estate. Sometimes the problem is simply closing an account
Updated IRS Mortality Tables Will Shift the Economics of Life Expectancy-Based Estate Planning
Waller Lansden Dortch & Davis
With increasing interest rates, the Treasury Department's recent publication of long-awaited proposed regulations will change the life-expectancy factors used in life expectancy-based estate
Court Decision Reaffirms Importance of Adequately Documenting Deductible Management Fees
The IRS is increasing its audit of large partnerships and is increasingly scrutinizing the validity and deductibility of management fee arrangements. In the case, Aspro, Inc. v. Commissioner, it
Preserving Family Wealth Before, During, and After Marriage
William Blair & Company
Creating an enduring financial legacy becomes more challenging with each branch that is added to the family tree through marriage. With divorce rates at a high level, it is important for families to