fbpx
MENU

Robin Klomparens

Current Developments in Estate Planning – 2010 Tax Act

August 30, 2010

2010 Estate Tax Election Although EGTRRA provided for no federal estate tax for decedents dying in 2010, Congress’ passage of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 modified the 2010 repeal.  Rather than having no estate tax, estates of decedents dying in 2010 are now generally subject to estate tax.  […]

READ MORE

Exit Strategies in Estate Planning & Pertinent Tax Issues

May 30, 2010

Sale of Stock or Assets. Stock.  A stock sale is simpler than an asset sale, and will result in one level of tax to the selling shareholders of a C-corporation.  With an S-corporation that does not have C-corporation earnings and profits, or in the case of an unincorporated business treated as a partnership for federal […]

READ MORE

Estate Planning on the 2010 Crazy Train

March 31, 2010

Power of Appointment Causes – Inclusion in Decedent’s Estate Technical Advice Memorandum 200907025 (TAM 200907025) Decedent was the sole beneficiary of a trust over which he was granted a power of appointment.  An issue arose as to whether the power of appointment was a general power of appointment for IRC section 2041 purposes.  The language […]

READ MORE

Navigating Audit, Appeals and Litigation: The IRS’ Perspective

March 30, 2010

Power of Appointment Causes-Inclusion in Decedent’s Estate Technical Advice Memorandum 200907025 (TAM 200907025) Decedent was the sole beneficiary of a trust over which he was granted a power of appointment.  An issue arise as to whether the power of appointment was a general power of appointment for IRC section 2041 purposes.  The language of decedent’s […]

READ MORE

Single Member LLCs and Estate and Gift Tax Treatment

February 28, 2010

This proposed topic is submitted on behalf of the Estate and Gift Tax Committee of the Taxation Section of the State Bar of California. Summary of Proposed Topic Under the “check-the-box” regulations, entity classification is simplified.  Under these rules, single member LLCs are, by default, disregarded for income tax purposes.  These rules, however, do not […]

READ MORE

Special Needs Trusts

July 9, 2009

The main purpose for creating a special needs trust (SNT) is to preserve public benefits for disabled and/or aged beneficiaries.  Generally, public benefits that are “asset sensitive” are relevant to the planning of an SNT.  There are a number of reasons for creating an effective SNT, some of which include: The statutes and regulations relating […]

READ MORE