Estate planning, gift tax rules, and everything that happens when wealth passes from one generation (or person) to the next.
In what can only be considered an attempt to make a statement, a handful of Senators is introducing a new bill to make the federal estate tax repeals permanent. Those Senators have admitted that they are several votes short of those needed to be successful; nonetheless, the Boston Globe has reported this morning that the…
On July 15, 2005, the Fifth Circuit released a decision in the Strangi case affirming the Tax Court’s decision to include family limited partnership assets in the decedent’s taxable estate. This latest ruling, referred to as Strangi V, is the last (?) in a long list of cases involving the Strangi family and creation of…