Legal
Form A Corporation, Only Way To Form A Business
By Guinanie Almonte · 14 years ago
If you're going to start a business with somebody else,. Forming a partnership is usually the most common approach since it's easier and cheaper to manage than the corporate cousins; namely the Corporation and Limited ...
Motorcycle Accident Lawyers: Help For Navigating Laws In Your State
By Gregg Stark · 14 years ago
Injured in a motorcycle accident? Make sure your consult with an accident attorney who knows the motorcycle laws in your state.
Many accident lawyers and insurance companies in good faith do the best that they ...
Using a VUL Policy in Place of a Roth IRA or Section 529 Plan
By Julius Giarmarco · 14 years ago
How does a variable universal life (VUL) insurance policy stack up as an alternative to a Roth IRA (for retirement planning) or a Section 529 Plan (for college tuition planning)? Using a VUL policy in ...
Trust-Owned Annuities
By Julius Giarmarco · 14 years ago
IRC Section 72 governs the income taxation of annuity contracts. IRC Section 72(u)(1) taxes the income on an annuity contract owned by a "non-natural" person by treating it as though it was received by the ...
*Switching* Irrevocable Life Insurance Trusts
By Julius Giarmarco · 14 years ago
Irrevocable life insurance trusts ("ILITs") are commonly used to keep insurance proceeds outside the estates of the grantor-insured, the grantor's spouse, and the grantor's descendants (if a generation-skipping trust is used). As the name indicates, ...
Qualified Personal Residence Trusts
By Julius Giarmarco · 14 years ago
A Qualified Personal Residence Trust (QPRT) is an excellent tool for persons with large estates to transfer a principal residence or vacation home at the lowest possible gift tax value. The general rule is that ...
Private Annuities and Self-Cancelling Installment Notes
By Julius Giarmarco · 14 years ago
Private annuities and self-canceling installment notes ("SCINs") are both effective wealth transfer planning techniques. There is a present lapse in the estate and generation-skipping transfer taxes, but it’s likely that Congress will reinstate both taxes ...
Nonqualified Deferred Compensation Plans for Family Businesses
By Julius Giarmarco · 14 years ago
Broadly defined, a nonqualified deferred compensation (NQDC) plan is a contractual agreement in which an employer agrees to pay an employee later for services rendered currently. The NQDC benefits typically commence upon the employee’s retirement ...
Intentionally Defective Beneficiary Trusts
By Julius Giarmarco · 14 years ago
The benefits of an intentionally defective grantor trust ("IDGT") are well known. First, the grantor’s payment of the trust’s income taxes is essentially a tax-free gift to the beneficiaries of the trust. Rev. Rul. 2004-64. ...
How to HEET Up an Estate Plan
By Julius Giarmarco · 14 years ago
Under IRC Sections 2503(e) (concerning gift taxes) and 2611(b)(1) (concerning generation skipping transfer ("GST") taxes) (hereafter the "IRC exclusion provisions") all "qualified transfers" for tuition or medical expenses are excluded from both gift and GST ...
Grantor Retained Annuity Trusts
By Julius Giarmarco · 14 years ago
A Grantor Retained Annuity Trust or "GRAT" is one of the most powerful and tax efficient wealth transfer tools available today. A GRAT allows a person to transfer the future appreciation of an asset to ...
Estate Planning for Unmarried Couples - Part Three
By Julius Giarmarco · 14 years ago
Part One of this article addresses non-tax estate planning issues confronted by unmarried couples; and Part Two this article deals with basic gifting strategies for unmarried couples. This article discusses several advanced gifting strategies that ...
Disclaimer Trusts
By Julius Giarmarco · 14 years ago
While there is a present lapse in the estate and generation-skipping transfer taxes, it’s likely that Congress will reinstate both taxes (perhaps even retroactively) some time during 2010. If not, on January 1, 2011, the ...
Avoiding the Three Year Life Insurance Transfer Rule
By Julius Giarmarco · 14 years ago
Under Internal Revenue Code Section 2035, if the insured gifts a life insurance policy to a third party (such as an irrevocable life insurance trust, or "ILIT") within three years of his or her death, ...
Conveyancing solicitors
By Tom Baker · 14 years ago
We specialize in residential conveyancing in the United Kingdom. We genuinely make a very long drawn complicated process of transferring property ownership simple and hassle free. This usually requires a licensed conveyencer or a solicitor. ...
An Overview of Dallas DUI Offense and Texas DUI Laws
By Steven Brown · 14 years ago
Charged with DUI in Dallas, leaves you with no choice other than consulting a qualified and experienced Dallas DUI attorney as early as possible. Many people think that DUI offenses are as simple as any ...
Medical Negligence
By Craig Ellyard · 14 years ago
All of us like to trust our doctors and other medical professionals we see such as our dentists. And, happily, that trust is seldom misplaced. Unfortunately, however, there are times when even doctors can make ...
Missouri Lemon Law
By Daniel Aiden · 14 years ago
Is there a lemon law for used Cars in the State of Missouri?
If you receive an express written warranty with the used car you bought the lemon law for used Cars in the State ...
Voluntary Disclosure Process: Privilege and Kovel Agreements Protect Taxpayers and Accountants
By Kevin Thorn · 14 years ago
Accounting firms and other tax professionals should seriously consider working under the guidance of an attorney when filing voluntary disclosures of previously undisclosed offshore accounts, or risk being forced to testify against their clients or ...
All Things You Need To Know About Asset Protection and Estate Planning
By James Gill · 14 years ago
Most people do not think about asset protection until it is to late. It is hard to believe, but all of us have an sort of estate. Your estate consists of your property including your ...