LIMITED OPPORTUNITY TO SAVE ESTATE TAXES

In the recent case of Estate of Purdue v. Commissioner , the Tax Court held in favor of a widow's estate where the IRS had sought an estate tax deficiency of over $3.1 million. The widow and her deceased husband formed an LLC and then made annual gifts of interests in the LLC to a trust for the benefit of their five adult children. The challenge by the IRS related...
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IS TIME RUNNING OUT TO MAKE DISCOUNTED GIFTS?

An important gift tax planning tool that families have used for decades may soon be coming to an end. The Treasury Department has announced plans to issue proposed regulations, possibly around Labor Day, that would significantly curtail the use of “valuation discounts” for gifts of interests in family entities such as limited partnerships (“LPs”) and limited liability companies (“LLCs”). If you are considering taking advantage of valuation discounts by making...
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Seminars & Events:

April, 2017 - CELESQ
“An Asset Protection Planning Primer for Estate Planning, Tax and Creditors Rights Lawyers”
Live Web Cast
May 31 – June 1, 2017 - 

SOUTHPAC TRUST OFFSHORE PLANNING INSTITUTE CONFERENCE 2017, “Asset Protection in a Changing World” (31 May 2017) and “Questions & Answer Panel on Industry Challenges to Asset Protection Structures” (1 June 2017)
Las Vegas, Nevada

 

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Contact Information

Barry S. Engel
Email: info@engelreiman.com