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TAXES and News
- The Federal Estate Tax Morass Continues - What Do You Do With Your Pennsylvania Estate Plan?
- Another Federal Estate Tax Bill Is Dead - What Should You Do Now?
- Senate Action Urged on Federal Estate Tax
- Congress Is Moving Toward Eliination of Short Term GRATs
- Another View From Pennsylvania on The Federal Estate Tax and You
- Real Ideas and Information on An Estate Tax Situation that is Crazy
- Great Review Of New Year Estate Planning Issues and Dangers
- Forget the Federal Etate Tax - According To Russia We Have Bigger Problems
- Married To A Wealthy Spouse? Under the New Law You Might Find Yourself Disinherited
- Quick Overview of Estate Tax News and Analysis of How Estate Tax Now Affects You
TAXES and News
The Federal Estate Tax Morass Continues - What Do You Do With Your Pennsylvania Estate Plan?
Are you a Pennsylvania resident? Do you want to revise your will or trust? Are you confused about the ever changing federal estate tax and how your will or trust should address the confusion.You are not alone. It appears that Congress and the IRS are also confused about the tax.
If you have more than a million dollars of assets, retirement, and life insurance, then you have probably been following the story of the federal estate tax and have been wondering how you will ever finish your estate planning.
Well, if you're hoping that the tax lawyers and the IRS know what's happening I have good news and bad news about estate planning and the federal estate tax.
First, the bad news. Even the IRS seems baffled about what to do. Take a look at this blurb and quote from the Wall Street Journal blog on comments of an IRS lawyer:
At the IRS Tax Forum in New York on August 12th, Patrick Leahy, an attorney with the estate and gift tax division in Manhattan, told an audience of tax prepares not to file a Form 706 for 2010 estates, or the estate tax return. According to Web CPA, Leahy said, “If you file a 706 to the IRS Service Center, we will rapidly return it to you because we don’t have a place to put them.”
Next the good news. There are flexible planning techniques that can be used to make your estate planning and estate tax planning work this year, next year, and for the foreseeable future. Find the right estate planning lawyer to help you to select the right choice for you. However, setting up a disclaimer will or trust will allow the surviving spouse to set up a trust or not, based on the law and economic realities at the time. These plans are much more flexible than the traditional A?B trust plans which may no longer work well.
David M. Frees III, Esquire
Phoenixville, Malvern and West Chester law offices
610-933-8069
For more articles on Pennsylvania estate planning, probate, trusts, and related topics visit www.utbf.com/trusts-estates
David M. Frees III focuses his practice in the areas of representing executors and trustees as well as estate planning using wills, trusts, family limited partnerships and related tools that can help you to achieve your estate planning goals while also creating asset and divorce protection for your heirs.
You can reach David's assistants/paralegals at 610-933-8069 for a consultation or for a telephone appointment with David Frees. If you want to have a truly effective estate plan and want to know more about wills, the various types of trusts, and more advanced estate planning tools before you select an attorney call 610-933-8069 to request a no obligation copy of Dave's new resource - "Enhanced Estate Planning: What You Need To Know About Wills, Trusts, Powers of Attorney, and Lawyers."
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Phone: (610) 933-8069
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Phone: (610) 240-0750
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West Chester, PA 19381
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Get Directions
Offices
Offices
Phoenixville
120 Gay St.
Phoenixville, PA 19460
Phone: (610) 933-8069
Fax: (610) 240-9323
Regular Business Hours
Malvern
116 E. King St.
Malvern, PA 19355
Phone: (610) 240-0750
Fax: 610-240-9323
By Appointment
West Chester
17 W. Gay St.
P.O. Box 515
West Chester, PA 19381
Phone: (610) 933-8069
Fax: 610-240-9323
See David by Appointment call 610-933-8069 For David Frees
