John Dedon Panelist on Pre-Sale Planning and Wealth Management Presentation

On June 21, I was a panelist speaking on the topics described below, to an audience of lawyers, CPAs, wealth advisors and other professionals.  If you would like more information let me know.  Pre-Sale Planning and Wealth Management Experts Discuss Critical Issues Please join our expert panel as they discuss pre-sale planning and wealth management…. Read »

Give It While You Can – And Just As Importantly Document It!

Recently I wrote about the importance of affluent taxpayers taking advantage of the $22.4 million exemption while it is available. Deciding to give, and how to give, is the major issue but not the only issue. Filing a gift tax return (Form 709) and providing an appraisal to support the value is critical. The legal… Read »

Coordinating Your Estate Plan with Income Tax Planning

One of the major 2018 estate planning themes continues to be the importance of income tax planning within an estate plan.  With high exemption amounts – $22.4 million for a married couple – eliminating estate and income tax upon death is now attainable for all but the very wealthy.  Also of importance is how current… Read »

Gift It While You Can – Assuming You Are The Top Of The 1 Percent

Beginning in 2018, the exemption amount for estate and gift tax doubled to $22.4 million for a married couple, up from $11.2 million.  Thus, affluent taxpayers can remove more assets from their taxable estates and avoid estate tax in perpetuity for the benefit of their children and future descendants.  Many of these taxpayers should take… Read »

Self-Settled Trusts

Self-settled Trusts allow an individual to transfer assets to a Trust, protect the transferred assets from lawsuit and the transferor’s creditors, and yet receive assets as a Trust beneficiary. This assumes that the asset transfer is not a “fraudulent conveyance,” i.e., a transfer that did not render the transferor insolvent nor was it done with… Read »