Featured Articles

When Estate Planning Becomes Basis Planning

Old conventional wisdom: Minimize estate and/or inheritance taxes by making lifetime transfers and taking appropriate steps to reduce the taxable value of transfers. New conventional wisdom for many “smaller” estates: Avoid lifetime transfers, especially of appreciated assets, and maximize asset values at death. Under the old tax regime, with a 40% federal estate tax and […]

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Alternate Valuation

The standard rule for valuing estate assets is to use the fair market value on the date of death. If the value is high enough, a federal estate tax will be due. A long-standing choice permits an estate’s assets to be valued instead at an alternate valuation date, six months after the individual’s date of […]

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An Estate Plan for Your Pets

For many of us, pets are an important part of our daily lives, more like members of the family than just “animals.” For people living on their own, especially, they can take on even greater significance, serving as a constant source of companionship and unconditional love. According to Professor Gerry W. Beyer, Professor of Law […]

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