Blog

Category: Estate and Gift Taxes

2021 Estate Planning Environment: Part Three

August 2, 2021 by Brendan Lacy
Estate and Gift Taxes
The final part of our blog post series focuses on four common planning techniques under current law.   Each strategy is summarized along with a description of how proposed legislation would limit its effectiveness:   Intentionally Defective Grantor Trusts (IDGTs) An IDGT is a great way to remove appreciation from a...
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2021 Estate Planning Environment: Part Two

July 12, 2021 by Brendan Lacy
Estate and Gift Taxes
Part Two of our blog post series focuses on Senator Bernie Sanders’ proposal to change the estate and gift tax laws.  While President Biden’s proposal did not change the existing estate and gift tax laws, Bernie Sanders’ “For the 99.5% Act” proposes significant changes to the current estate and gift...
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2021 Estate Planning Environment: Part One

June 29, 2021 by Brendan Lacy
Estate and Gift Taxes
Now that the democrats have control of all three branches, there have been a few estate planning proposals that could significantly alter the estate planning landscape.  Over a series of three blogs, I will discuss: President Biden’s proposal to treat gifts/death as a realization event Senator Bernie Sanders’ proposal to...
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Does Your Estate Plan Limit Minnesota Estate Taxes?

November 11, 2019 by first scribe
Estate and Gift Taxes
If not, here are some ideas, courtesy of our friends at Sanford, Pierson, Thone and Strean, Attorneys at Law, for married Minnesota residents and nonresident Minnesota property owners to consider: Minnesota is an equal opportunity estate taxing authority: it taxes residents and nonresidents alike. If you live in Minnesota, or...
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