Robin Klomparens

Current Developments in Estate and Gift Tax – Nov. 2017

November 1, 2017

To read this article, please click here to download a PDF copy.


Taking Title to Trust Assets

February 6, 2012

Both accountants and lawyers are frequently asked how to title property which is in a trust.  A trust is not a separate legal entity that can hold property.  In contrast to a corporation, which the law often deems as its own person, a trust is not a person but rather a “fiduciary relationship with respect […]


QPRTs for Dummies (and Other IDITS?)

July 30, 2011

IRREVOCABLE TRUSTS Functions.  An irrevocable trust can shift property value and income to: Build an educational fund for a child; Provide current income for an adult child; Provide current income for an aged parent; or Provide asset protection for others. If the beneficiaries do not have immediate access to trust funds, those funds are unavailable […]


Taxation of Domestic Partners

April 30, 2011

AB 205, as amended by AB 2580, the Domestic Partner Rights and Responsibilities Act (“Act”), was a complicated but landmark piece of legislation.  This California state law, which took effect on January 1, 2005, expanded domestic partner rights to include most, but not all, rights of married couples.  The legislation provided rights but also imposed […]


Asset Protection Planning – A Primer

January 30, 2011

This article explains what asset protection planning is–structuring financial affairs to minimize the burden of future unforeseen liabilities–and best practices for implementing such plans. Click here to download a PDF copy of this article.


Don’t Rock the Section 2053 Boat – You’ll Tip the 706 Over

January 15, 2011

Recent Cases Dealing with Administrative Expenses Turner v. U.S., 306 F.Supp.2d 668 (January 30, 2004), Deductions for Interest Paid on Delayed Pecuniary Bequest The will of Sally Jackson will left $10 million to a charity, the Juliette Fowler Homes, Inc., provided that the charity was an organization described in IRC §2055(a).  The decedent’s independent administratrix […]