The Tax Cuts & Jobs Act made significant changes to the deductibility of certain fines, penalties, and other amounts, including restitution payments. Claire Taylor co-authored an article outlining the changes initiated by the statute. Reprinted from the November 2018 issue of ALI CLE's The Practical Lawyer.
This issue of Insight on Estate Planning reviews the reasons everyone needs an estate plan, the tax angles of self-settled trusts, the effect securities laws can have on your estate plan, properly funding revocable living trusts, and how to create an estate plan that ensures your art will be treated according to your wishes.
This issue of Insight on Estate Planning reviews charitable giving under the new tax law, how to understand a will, whether you should include a tax apportionment clause in your estate plan, state tax laws that you may want to take into account, and things to keep in mind when making educational gifts to students.
This issue of Insight on Estate Planning reviews how recent tax legislation affects estate "portability" for married couples, using buy-sell agreements to ensure the health of your business after an owner's death, the tax and estate planning implications of moving abroad, taking full advantage of your lifetime gift tax exemption, and new IRS regulations governing auditing, assessing and collecting underpayment of tax from partnerships.
Tom Lerner shares his thoughts on the future of Arbitration in Seattle.
This issue of Insight on Estate Planning addresses using ESOPs to share equity in your closely held business, protecting your assets from creditors, preparing parents for nursing homes, transferring ownership of life insurance to a trust, and reviewing joint tenancy accounts.