May 2014 Volume III Issue II The Tax Advantages of Prepaying Tuition Expenses Many families’ children are in private schools, and the expense of a private education is soaring annually. If parents are paying this expense themselves, the usual debate is which item must give in the family budget, in order to make room for…
Trust & Estates Update: February 2014
February 2014 Volume III, Issue I The Benefits of Charitable Remainder Trusts As many may know by now, income taxes increased in several ways as of 2013. Not only have the tax rates for personal income increased, but so has the capital gains tax rate for those in the highest tax bracket. Additionally, certain deductions…
POSTED IN: Trusts & Estates
Trusts & Estates Update: October 2013
October 2013 Powers of Attorney and Health Care Documents: An Integral Part of Every Estate Plan A power of attorney, a health care proxy, and a medical privacy release (“HIPAA Authorization”), are powerful tools and an essential part of your estate plan. If these documents are not in place when they are needed, your family…
POSTED IN: Trusts & Estates
Trusts & Estates Update: July 2013
July 2013 Historic Change in Planning for Same Sex Couples On June 26, 2013, the Supreme Court issued a landmark decision in United States v. Windsor, striking down Section 3 of the Defense of Marriage Act (“DOMA”), which defined marriage as that between one man and one woman for all federal purposes. The Court stated that…
POSTED IN: Trusts & Estates
Trust & Estates Update: May 2013
May 2013 Why Do You Need an Estate Plan? Often people delay putting an estate plan in place, or they may have preliminary draft documents but they fail to complete the process. Although they have spent time and effort accumulating assets, they wonder why they need to invest the time, effort and expense in a plan…
POSTED IN: Trusts & Estates
Trusts & Estates Update: January 2013
January 2013 Volume II, Issue I What Does The New Tax Act Mean For You And Your Estate Plan? As has become customary over the last several years, Congress acted at the very last minute to avert the “Fiscal Cliff” by passing the American Taxpayer Relief Act of 2012 (“ATRA”). ATRA was signed into law on…
POSTED IN: Trusts & Estates
Trusts & Estates Update: October 2012
October 2012 Volume I, Issue I Significant Estate and Gift Tax Law Changes Looming! On December 17, 2010, Congress and President Obama signed temporary legislation that took most people by surprise when they agreed to increase and unify the federal estate, gift, and generation-skipping transfer (“GST”) tax exemptions to a single sum of $5 million per…
POSTED IN: Trusts & Estates
Trusts and Estates Practice Group Launches Quarterly Newsletter
RIW’s Trusts & Estates Practice Group launched its’ quarterly newsletter “Trusts & Estates Update”. Click here to read the most current issue.
POSTED IN: News, Trusts & Estates