Another week’s gone by. Did you miss any of our posts? We’ve got you covered: here they all are in one place for your convenience. Please take a break and get all caught up. We hope you have a great Saturday.
(Monday, January 26, 2015) Obama to Target Capital Gains Loophole
In the State of the Union address President Obama was once again expected to announce proposals to increase taxes on wealthy Americans. While he is not targeting the estate tax, the proposal could have major implications for some estate plans.
Reference: Forbes (January 18, 2015) "President Obama Targets The 'Angel Of Death' Capital Gains Tax Loophole"
(Tuesday, January 27, 2015) Dog to Receive Fortune
Many people wish to leave things behind for their pets to make sure that they are taken care of after the owners pass away. However, one woman in Queens is taking that to the extreme.
Reference: New York Post (January 16, 2015) "Pampered pooch to inherit 6-figure trust fund, $1M house"
(Wednesday, January 28, 2015) Murdering for an Inheritance
It is an old plotline: someone murders his or her parents to inherit their wealth. It has happened in many dime novels and B movies. The big question is does it actually work? Can you kill your parents and inherit from them?
Reference: Washington Post (January 15, 2015) "Thomas Gilbert Jr. is accused of killing his own father. Can he collect an inheritance?"
(Thursday, January 29, 2015) Cutting the Massachusetts Estate Tax
When thinking about estate taxes, most people consider the federal estate tax. However, state estate taxes play an equal role in many estate plans. For that reason, it is important to make note when a state is considering changing its estate tax.
Reference: Sun Chronicle (January 13, 2015) "Attleboro area state rep proposes cut in Mass. estate tax"
(Friday, January 30, 2915) Leaving Behind Firearms
With all of the federal and state laws in place concerning firearms, it is extremely important that they be transferred properly. This includes transfers made upon the owner's death.
Reference Wills, Trusts & Estates Prof Blog (January 15, 2015) "Estate Planning for Firearms"
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