Featured Articles

Advanced Family Business Planning

The American Family Business Institute, an advocate for small businesses, has long argued that the burden of death taxes (estate and inheritance taxes) impairs the ability of keeping family businesses going after the death of the founder. They note that 70% of family businesses do not survive to the second generation, and 90% fail to […]

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Same-Sex Couples and Estate Planning

Edie Windsor and Thea Spyer entered into a committed relationship in 1963. In 1993 they registered as domestic partners in New York City, when that option became available. They married in 2007, in Canada, which then permitted gays and lesbians to marry.  Spyer died in February 2009. Although the estate passed to Windsor, the marital […]

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“Second Chance” Estate Planning

After Jacqueline Kennedy Onassis’ death, there was much press coverage about a tax strategy provision in her will.  The will created a special sort of charitable trust, known to estate planners as a charitable lead annuity trust, or CLAT.   During the trust’s 24-year life, the trust would pay 8% of its initial value to charities […]

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