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Articles from Jason J. Smith on tax and estate planning for Americans with complex domestic and foreign interests.
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Tax Planning
Gift, estate, income and generation skipping transfer tax planning, including the issues that arise when your life and assets span more than one country.
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A Gift for Tax Season: What You Need to Know About Gift Tax Returns
Gift tax returns are filed with the IRS to report gifts that exceed the annual exemption amount. This amount changes every year. For 2023,…
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Tax Issues With Buy-Sell Agreements Between Family Members
Buy-sell agreements offer business owners an important tool for succession planning. If there are multiple owners or partners and one of them departs voluntarily…
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Halt! Employee Retention Tax Credit Processing on Pause
The Employee Retention Tax Credit (ERTC) was established as part of the 2020 Coronavirus Aid, Relief and Economic Security (CARES) Act to help businesses…
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Will Congress Address the Tax Cuts and Jobs Act Sunset Provisions in an Election Year?
As we enter an important election year, it raises questions about how much work Congress will accomplish in 2024. In particular, will Congress extend…
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How to Preserve Tax Savings Before the Estate and Gift Tax Exemption Sunsets
The Tax Cut and Jobs Act of 2017 (“TCJA”) made meaningful changes to the tax code which is set to “sunset” at the end…
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Generation-Skipping Transfer Tax (GST) – The Taxman Cometh and Keeps Coming!
The generation-skipping transfer tax (GST) is perhaps one of the most confusing and least understood topics in estate planning. Many attorneys have only a…
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Tax Planning
Income, gift, estate and generation skipping transfer tax, at home and across borders.
Estate Planning
Wills, trusts, probate, long term care and passing wealth to the next generation.
Asset Protection
Protecting personal and family wealth from future claims, including premarital and matrimonial planning.
Trusts & Estates Disputes
How disputes arise, how they are resolved and how good planning prevents them.
Latest in Estate Planning
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Is the Juice Worth the Squeeze? Lessons From Claims Made Against O.J. Simpson’s Estate
When O.J. Simpson passed away recently, he left behind several unpaid creditors. Two high-profile creditors are the Goldman and Brown families who have unsatisfied…
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Private Split Dollar Arrangements– Not Splitting Hairs, It Can Be Good For Your Heirs!
A private split dollar arrangement is an estate planning strategy that allows individuals to set up an Irrevocable Life Insurance Trust (ILIT) providing money…
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The Benefits of a Contract to Make a Will
A Will is an essential legal document that sets forth how you want your assets to be distributed upon your death. However, in some…
Latest in Asset Protection
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Should You Choose Divorce or Legal Separation?
Many states offer married individuals the option of filing for legal separation as opposed to divorce or dissolution of marriage. If you are unhappily…
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What Rights and Property Interests Can Survive Divorce?
The result of a divorce is to render the spouses single and unmarried. The divorce also determines which party owns each of the couple’s…
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Protecting Your Cash Holdings from Bank Failures
The failure of several banks in early 2023 raised fears among many individuals and businesses that their cash deposits were at risk. Most depositors…
Latest in Trusts & Estates Disputes
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Is the Juice Worth the Squeeze? Lessons From Claims Made Against O.J. Simpson’s Estate
When O.J. Simpson passed away recently, he left behind several unpaid creditors. Two high-profile creditors are the Goldman and Brown families who have unsatisfied…
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Blindsided – How Can You End a Conservatorship or Guardianship?
Michael Oher, a former professional football player, and the main character depicted in the film The Blind Side, has been in the news regarding…
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Five Things You Need to Know About Contesting a Will
If someone objects to a will, they may be able to contest its validity in court. However, there are specific rules that limit who…
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