Tax and Estate Plans

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Deciphering Tax Law Changes to Retirement Plans
Wilmington Trust
The 2017 Tax Cuts and Jobs Act left many of the rules and laws pertaining to retirement planning unchanged. However, the Act did change the tax landscape for many by lowering overall tax rates for
Qualified Opportunity Zones: An Introduction to New Opportunities under the 2017 Tax Cuts and Jobs Act
Schiff Hardin
The Tax Cuts and Jobs Act of 2017 created new incentives for investment into certain communities throughout the United States that have been designated as Qualified Opportunity Zones (QOZs) by the U.
Tax Reform One Year Later: Winners and Losers
Schiff Hardin
One year has passed since significant tax law changes were enacted in December 2017. The overall impact of the Tax Cut and Jobs Act of 2017 (TCJA) on estate and tax planning for individuals and their
Qualified Opportunity Fund Guidance
Koley Jessen, P.C.
The Department of Treasury and Internal Revenue Service has issued initial proposed regulations and instructions for investments in qualified opportunity funds (“QOF”), a program designed
ABLE Accounts: What They Are and What They Mean for your Family
Schiff Hardin
Individuals with disabilities and their families have many options to set aside funds without jeopardizing eligibility for means-tested government benefits, but most of the options require the person
New Benefits of Converting from an S Corp to a C Corp
Waller Lansden Dortch & Davis
With the passage of the Tax Cuts and Jobs Act at the end of 2017, more family businesses are examining their corporate structure and considering the tax implications. Specifically, companies that are
What is a Grantor Retained Annuity Trust (GRAT)?
BDO
A GRAT is an estate freeze technique used in estate planning to minimize taxes on large financial gifts to family members. Under this technique, an irrevocable trust is created to which the grantor
Dynasty Trusts
BDO
Following recent amendments to the tax code, both the applicable estate and gift tax exemption and the GST exemption were increased to $11,180,000. This nearly doubled the exemptions available in
Virtual Currencies
BDO
Investors are purchasing and selling virtual currencies (also known as “crypto currencies”) at a faster rate than ever before. Although these virtual currencies are not legal
United States Exit Tax and Wealth Recipient Tax Applies to Covered Expatriates
BDO
The tax consequences of expatriation for U.S. citizens and long-term green card holders after June 17, 2008 can be enormous. With the exception of deferred compensation items, interests in non-