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Preparing for 2026 – Four ways to build flexibility into your estate plan
September / October 2023
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 973
Abstract: On January 1, 2026, the federal gift and estate tax exemption amount set by the Tax Cuts and Jobs Act will sunset. If an estate exceeds, or is expected to exceed, 2026 exemption levels, one should consider implementing planning techniques today that can help reduce or avoid gift and estate tax down the road. However, what if a person isn’t ready to give significant amounts of wealth to the next generation? Perhaps he or she wants to hold on to assets in case circumstances change. Fortunately, there are strategies available to take advantage of the current exemption amount while retaining some flexibility to access wealth should the need arise. This article details four such strategies. A sidebar explains why a person must be careful of running afoul of the reciprocal trust doctrine.
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Estate planning with a foreign twist
October / November 2019
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 973
Abstract: If a married couple includes a non-U.S. citizen spouse, there are special estate planning rules to take into account, such as a significantly smaller estate tax exemption. This article explains the differences in estate tax law for couples when both spouses are U.S. citizens vs. when one spouse is a non-U.S. citizen. A sidebar details the benefits of using a qualified domestic trust.
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File the claim – Court examines insurer’s duties under its policy
March / April 2010
Newsletter: Construction Law Briefing
Price: $225.00, Subscriber Price: $157.50
Word count: 973
Abstract: Insurance is important to any construction project. But contractors are often hesitant to file a claim if their odds of a favorable result appear slim. As one recent case shows, however, the effort to file a claim can pay off no matter what the result. At a minimum, contractors most likely can get their attorneys’ fees and court costs paid by the insurer. This article looks at the details, while a sidebar lists two specific protections a business should receive in exchange for its premiums.