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13 Sep 2021, 1:12 am
Now for those myths: 1. [read post]
17 Feb 2011, 4:09 am
Under this law the amount that anyone can transfer tax-free during life went up this year from $1 million to $5 million ($10 million for married couples). [read post]
10 Sep 2009, 9:10 am
For example, a 1 million dollar gift growing at 10% a year for 20 year could shelter a staggering amount of $6,727,499.95 by keeping it out of the gross estate. [read post]
11 Jan 2012, 7:53 am
If your estate plan does not have all these let’s talk about why you need it! [read post]
6 Feb 2015, 7:42 pm
It does not determine priority of liability Inter se. [read post]
1 Aug 2016, 6:30 am
The PATH Act increases the FIRPTA withholding rate from 10 percent to 15 percent on certain dispositions and distributions of United States Real Property Interests (“USRPIs”).[1] Similarly, the withholding rate for the transfer of a partnership interest or the beneficial interest in a trust or estate has been increased from 10 percent to 15 percent.[2] The new withholding rate applies to all such dispositions that take place after February… [read post]
1 Aug 2016, 6:30 am
The PATH Act increases the FIRPTA withholding rate from 10 percent to 15 percent on certain dispositions and distributions of United States Real Property Interests (“USRPIs”).[1] Similarly, the withholding rate for the transfer of a partnership interest or the beneficial interest in a trust or estate has been increased from 10 percent to 15 percent.[2] The new withholding rate applies to all such dispositions that take place after February… [read post]
4 Aug 2010, 6:44 am
You must: 1. [read post]
28 Nov 2022, 4:00 am
David Whelan BC Estate Litigation BlogSpousal Status in Estate Litigation: Who is a “Spouse” and Why Does it Matter? [read post]
23 Aug 2009, 9:13 pm
For example, if Boulis's widow was awarded a $10 million elective share, how the estate-tax allocation question is answered could mean the difference between her walking away with $10 million or $6.5 million! [read post]
28 Sep 2021, 8:47 am
Many people have found that a healthy return of 7% annually could double one’s net worth in just 10 to 12 years. [read post]
20 Dec 2017, 11:41 am
The NAR argued that this change would have resulted in a 10% drop in home sales. [read post]
1 Oct 2010, 3:21 am
Real Estate contracts are signed in 2009 A clause states that the deposits may be reclaimed (returned to buyers) if the first closing does not take place by September 2008. [read post]
27 Oct 2008, 9:38 am
R. 4:80-1(a). [read post]
10 Jan 2011, 4:45 am
The increased $5 million exemption for the estate tax and GST tax is made retroactive to January 1, 2010. [read post]
28 Aug 2013, 8:27 am
Rules of Court, rule 8.112(b)(1).) [read post]
1 Dec 2010, 1:13 pm
What does show up are the small and mid-sized firms and the #1 reason why they show up? [read post]
30 May 2018, 7:35 am
Section 203 exempts Banks and Bank Holding Companies with (1) $10 billion or less in total consolidated assets and (2) total trading assets and trading liabilities of 5% or less of total consolidated assets from the Volcker Rule. [read post]
26 Dec 2017, 3:56 pm
INCOME, ESTATE, GIFT, AND GENERATION-SKIPPING TAXATION: Estate, Gift, and Generation-Skipping Tax Exemption. [read post]
18 Mar 2014, 7:01 pm
A Nassau Probate Lawyer said that, on or about June 9, 2003, DSS filed the subject claim for $386,382.77 for public assistance provided to the wife from June 10, 1996 to October 3, 2002, claiming preferred creditor status pursuant to Social Services Law §104 (1); the claim was rejected by the estate on September 5, 2003. [read post]
