Every once in a while, the federal government gets it right. Cost of Living Adjustments impacting tax rates for 2012 were recently released and most of the adjustments are favorable (see The Wall Street Journal, October 22, 2011 article A Tasty New Cola for 2012). In particular, the estate-tax exclusion per person is increased to [...]
Archive for October, 2011
Breach of Contract & Foreclosure of Mechanics Lien
By gali
Thursday, October 20th, 2011
COURT FINDS MECHANICS LIEN VALID MASONRY SUB-CONTRACTOR AWARDED SERVICE FEES, INTEREST & LEGAL COSTS Highlights Based on their expertise in construction law, Cummins & White, LLP, successfully represented the owner of a masonry contractor when the developer and its general contractor failed to remit payment for performed work. Cummins & White successfully used case law to [...]
Decisions, Decisions
By Robert Lamm
Wednesday, October 19th, 2011
In 2010, the Federal Estate Tax was repealed. Then, it was brought back on December 17th of the same year. Confused? Join the club. The executor of an estate for a person dying in 2010 will have to file an estate tax return after all, but fortunately, they can decide what estate tax law to [...]
Location, Location, Location
By Robert Lamm
Thursday, October 13th, 2011
Location, I am told, is a huge factor in determining the value of real estate. Turns out, location can play a big factor in your estate tax bill as well. Under IRC § 2103, a nonresident, not a citizen of the United States, is subject to estate tax in the United States for property situated [...]
Your Estate Plan Is Not Worth The Paper It Is Printed On……..
By Robert Lamm
Wednesday, October 5th, 2011
…Unless someone other than you knows that it exists. I constantly remind my clients to keep their estate planning documents in a safe place, but not too safe. Specifically, your executor and trustee will need to know where the documents are kept and how to gain access to them. Also, they will need to know [...]
