News & Resources

Gifts to family members, charities and others who may be object of the donor’s bounty, are an effective way to reduce the taxable estate and to split income for income tax purposes.  Read More

Changes to the Internal Revenue Code made by TRA ’97 and the Internal Revenue Restructuring and Reform Act of 1998 (’98 Act).  Read More

Generally, a defective grantor trust is an irrevocable trust for the benefit of children and/or grandchildren in which the grantor does not retain any income interest.  Read More

The grantor retained annuity trust or GRAT is an effective planning strategy for transferring assets to the next generation at a discounted gift tax cost.  Read More

Relying on language contained in the partnership agreement, TAM 9751003 recently concluded that gifts of limited partnership interests were not transfers of present interest and, therefore, did not qualify for $10,000 gift tax annual exclusion.  Read More