Insights

IRS Grants Reprieve to Family Limited Partnerships

The family limited partnership ("FLP") has become an attractive vehicle to manage family assets, provide some protection...

Minors’Accounts Present Troubling Tax and Practice Problems

Parents and grandparents who wish to make gifts to minor children and grandchildren are sometimes advised to...

Pension and IRA Benefits May Be Best Source of Charitable Gifts

Amounts contributed on a pre-tax basis to "qualified plans" such as a pension, profit-sharing, 401(k) plan, Keogh...

Qualified Plan Benefits Create Problems For Non-Citizen Spouse

Since the enactment of the Technical and Miscellaneous Revenue Act of 1988, the marital deduction for federal...

Winter 1992-1993 Philanthropic Fund: A Simpler Alternative to the Private Foundation

Suppose a client wishes to set aside a sizable sum (let's say $20,000) for certain charitable purposes....

Estate Tax Considerations of Second-to-Die Policies

In recent years, lawyers have seen an increased marketing and sale of second-to-die, or "survivor-ship," life insurance...