William M. Doyle, Lawrence M. Kern, and Eric C. Nelson joined Greenberg Traurig, LLP as shareholders in Chicago, with the intent to utilize the firm’s deep U.S. and
Continue Reading Leading National Private Wealth Team Joins Greenberg Traurig

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William M. Doyle, Lawrence M. Kern, and Eric C. Nelson joined Greenberg Traurig, LLP as shareholders in Chicago, with the intent to utilize the firm’s deep U.S. and…
Continue Reading Leading National Private Wealth Team Joins Greenberg Traurig
The Coronavirus Disease 2019 (COVID-19) pandemic has created personal uncertainty for many due to living in quarantine and apart from extended family members, and financial stress due to market volatility
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Continue Reading Uncertainty, COVID-19, and Estate Planning: A Unique Opportunity to Plan
The Further Consolidated Appropriations Act, 2020, signed into law Dec. 20, 2019, includes a division that is known as the SECURE Act,1 which made major changes to the required minimum…
Continue Reading SECURE Act Accelerates Timing of Required Minimum Distributions to Beneficiaries Under Qualified Plans and IRAs
On June 21, 2019, in a unanimous decision, the U.S. Supreme Court held as unconstitutional a North Carolina statute that had been interpreted by North Carolina to mean that a…
Continue Reading Effect of Kaestner on Non-California Trusts With California Beneficiaries
Lucy S. Lee, shareholder of Greenberg Traurig’s Tax Practice, was recently quoted in the Wall Street Journal article, “Meghan Markle Is About to Have a Little Bundle of …
Continue Reading Greenberg Traurig Attorney Lucy Lee Quoted in the Wall Street Journal
IRS announces the 2019 inflation-adjusted figures for gift and estate tax exemption amounts.
The federal gift, estate, and GST exemption amount ( the exemption amount) is the total amount…
Continue Reading Federal Individual Gift, Estate, and GST Exemptions Increase to $11.4 Million in 2019
The applicable federal rates (AFRs) under Internal Revenue Code (Code) Section 1274(d) and the Code Section 7520 rate (7520 rate) for a particular month…
Continue Reading Applicable Federal Rates and Code Section 7520 Rate for November 2018 – Trending Up
Greenberg Traurig’s private client/high net worth team has the experience to advise mega-lottery winners. Our attorneys have worked with individuals who have won some of the biggest lottery awards in…
Continue Reading I Won the Lottery! What Do I Do Now?
The applicable federal rates (AFRs) under Internal Revenue Code (Code) Section 1274(d) and Code Section 7520 rate (7520 rate) for a particular month are published by the Internal Revenue Service…
Continue Reading Applicable Federal Rates and Code Section 7520 Rate for September 2018 – Trending Up Again
The applicable federal rates (AFRs) under Internal Revenue Code (Code) Section 1274(d) and the Code Section 7520 rate (7520 rate) for a particular month are published by the Internal Revenue Service (IRS) in a Revenue Ruling that is released around the 18th day of the immediately preceding month. Advance knowledge of the rates for the future month provides a window of opportunity for the quick or delayed implementation of income, gift, and estate-tax planning techniques in response to upward or downward trends. The effective implementation and management of interest-sensitive estate planning techniques also involves numerous other factors in addition to the relevant AFR or 7520 rate, including a client’s particular circumstances and should be undertaken with the advice of competent tax counsel and financial advisors.
The IRS has issued Revenue Ruling 2018-19, which provides the AFRs and 7520 rate for July 2018. Revenue Ruling 2018-19 will be in Internal Revenue Bulletin 2018-27, dated July 2, 2018.…