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Tax Implications: Selling Your Home
Estate Tax Minimization by Kira S. Masteller 818.907.3244 If you’ve lived at a property for at least two out of the five years before you sell your home, you can consider that property your primary
Inherited IRAs Not Exempt From Bankruptcy Proceedings
Trusts & Estate Planning Attorney by Kira S. Masteller 818.907.3244 Individual Retirement Accounts or IRAs, are retirement funds – at least until you pass the asset on to heirs other than your spouse. Then, according
Retirement Planning for Same-Sex Married Couples
Trusts & Estate Planning Attorney by Kira S. Masteller 818.907.3244 In September, the Internal Revenue Service issued Revenue Ruling 2013-17 which clarified when, for federal tax purposes, the IRS will recognize same-sex marriages. As of
“She’s Crafty”: GoldieBlox, Beasties, Copyrights and Codicils
by Nicholas Kanter & Robert A. Hull, Esq. November 27, 2013 In 1986, New York hip hoppers the Beastie Boys released Licensed to Ill, the first rap LP to top the Billboard album chart, selling
Creating a Living Trust Makes (Dollars and) Sense
by Robert A. Hull “How much will it cost?” For estate planning attorneys, this is usually the follow-up question we’re asked after “Do I need a Trust or Will?” After discussing a prospective client’s estate
Maximizing Annual Gifts
Trusts & Estate Planning Attorney by Kira S. Masteller 818.907.3244 Individuals with estates that are valued over the Federal estate tax exemption ($5,250,000 in 2013) should consider making annual gifts to their family now so
How Does the DOMA Ruling Affect Estate Planning?
Trusts & Estate Planning Attorney by Kira S. Masteller 818.907.3244 The United States Supreme Court’s ruling on Section 3 of the Defense of Marriage Act (DOMA) on June 26, declaring the definition of marriage as
Tony Soprano’s Run In With the Tax Man
by Robert A. Hull Many of us who were fans of the HBO show about a fictional New Jersey mafia family, The Sopranos, and actor James Gandolfini in particular (who played mob boss Tony
Designated Beneficiary Assets: Consider Your Income, Capital Gains & Estate Taxes
Trusts & Estate Planning Attorney by Kira S. Masteller 818.907.3244 In the third segment of our series regarding Gift Tax & Estate Planning, we’ll examine assets that require designated beneficiaries, specifically: IRA accounts, retirement accounts, life
Using Life Insurance and Irrevocable Trusts in Estate Planning
Trusts & Estate Planning Attorney by Kira S. Masteller 818.907.3244 Continuing with Part 2 of our Gift Tax and Estate Planning blog series (we discussed Living Trusts in Part 1 of the series), we now