Estate tax

What’s Trending- What Experts from the 2017 Heckerling Institute Had to Say.

Topics: Estate planning, Estate tax, Grantor trusts, Split-dollar, Trusts

The 2017 Heckerling Institute on Estate Planning identified several critical trends for legacy and life insurance planning in this uncertain environment, including (1) the need for flexibility, (2) the appealof estate freezes, like GRATs, installment sales, and preferred partnerships for current planning, (3) the tax considerations for life insurance planning regardless of any estate tax…

Federal Gift Taxes Paid Within 3 Years of Death Included in Washington State Taxable Estate

Topics: Estate planning, Estate tax, Gift tax

Washington State’s Supreme Court held that federal gift taxes paid by a decedent within three years of his death were properly included in both his federal and Washington taxable estates. The court determined that the gross estate for Washington’s estate tax purposes is defined to be the same as under federal law and, as gift…

Something Old, Something New – Steinberg v. Commissioner – Is It Time for Net, Net Gift Valuation Discounts

Topics: Estate planning, Estate tax

The WRMarketplace is created exclusively for AALU members by the AALU staff and Greenberg Traurig, one of the nation’s leading tax and wealth management law firms. The WRMarketplace provides deep insight into trends and events impacting the use of life insurance products, including key take-aways, for AALU members, clients and advisors. The AALU WRNewswire and…