Tag: estate and gift tax planning


College financing may be an integral part of your estate plan

The staggering cost of college makes it critical for families to plan carefully for this major expense, and in many cases grandparents want to play a role. As you examine the many financing options for your grandchildren, be … Read More »

April 18th

Estate Planning Briefs. Comments Off on College financing may be an integral part of your estate plan


If art donations are part of your estate plan, consider these four tips

Charitable giving is a key part of estate planning for many people. If you have a collection of valuable art and are charitably minded, consider donating one or more pieces to receive tax deductions. Generally, it’s advantageous to … Read More »

April 4th

Estate Planning Briefs. Comments Off on If art donations are part of your estate plan, consider these four tips


Have you properly substantiated your 2018 charitable gifts?

Donating to charity is a key estate planning strategy for many people. It reduces the size of your taxable estate and it can help you leave a lasting legacy with organizations you care about.

The benefit of making such gifts during … Read More »

February 25th

Estate Planning Briefs. Comments Off on Have you properly substantiated your 2018 charitable gifts?


What you need to know about filing gift and estate tax returns

Have you made substantial gifts of wealth to family members? Or are you the executor of the estate of a loved one who died recently? If so, you need to know whether you must file a gift or estate tax … Read More »

February 14th

Estate Planning Briefs. Comments Off on What you need to know about filing gift and estate tax returns


Building an on-off switch into your estate plan

The right estate planning strategy for you likely is the one that will produce the greatest tax savings for your family. Unfortunately, there can be tension between strategies that save estate tax and ones that save income tax. This is … Read More »

February 7th

Estate Planning Briefs. Comments Off on Building an on-off switch into your estate plan


Consider all the tax consequences before making gifts to loved ones

Many people choose to pass assets to the next generation during life, whether to reduce the size of their taxable estate, to help out family members or simply to see their loved ones enjoy the gifts. If you’re considering lifetime … Read More »

October 17th

Tax Department, Tax Planning. Comments Off on Consider all the tax consequences before making gifts to loved ones


Turn down an inheritance using a qualified disclaimer

If you are about to receive an inheritance from a family member, you can use a qualified disclaimer to refuse the bequest. The assets will then bypass your estate and go directly to the next beneficiary in line. It’s as … Read More »

October 11th

Estate Planning Briefs. Comments Off on Turn down an inheritance using a qualified disclaimer


Basis consistency rules may come into play if you’re administering an estate or inheriting property

When it comes to tax law changes and estate planning, the substantial increases to the gift and estate tax exemptions under the Tax Cuts and Jobs Act are getting the most attention these days. But a tax law change enacted … Read More »

July 5th

Estate Planning Briefs. Comments Off on Basis consistency rules may come into play if you’re administering an estate or inheriting property


The tax impact of the TCJA on estate planning

The massive changes the Tax Cuts and Jobs Act (TCJA) made to income taxes have garnered the most attention. But the new law also made major changes to gift and estate taxes. While the TCJA didn’t repeal these taxes, it … Read More »


Follow IRS rules to ensure you receive your charitable tax deductions

If reducing your taxable estate is an important estate planning goal, making lifetime charitable donations can help achieve that goal and benefit your favorite organizations. In addition, by making donations during your lifetime, rather than at death, you can claim … Read More »

HOBERMAN & LESSER, LLP