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
Inheritance Rights
Effect of Kaestner on Non-California Trusts With California Beneficiaries
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
Federal Individual Gift, Estate, and GST Exemptions Increase to $11.4 Million in 2019
By Michelle L. Soto on
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
I Won the Lottery! What Do I Do Now?
By Lawrence H. Heller on
Posted in Estate Planning, Income Tax, Inheritance Rights, Investing, IRS, Legacy Planning, lottery, State Tax, Tax Planning, Trusts
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?