Estate Tax-Federal Estate Tax

Kew Garden Hills/Flushing 3 bedrooms co-op at 144-60 Gravett Rd. Built in 1954. About 1000 square feet. Maintenance $1000 includes electric, gas, water, heat & real estate tax. Sold in August 2011.

Rodney Pettipas

Link to Lawline CLE Seminar: www.lawline.com Course Description: On June 23, 2011 Governor Andrew Cuomo signed into law the historic New York Marriage Equality Act which granted same-sex couples the right to marry and provided them with the same benefits that heterosexual couples enjoy. Join New York Law School Professor William LaPiana and Lawline Program Attorney Kyle Robinson in this lively discussion on the Act’s impact on estate planning for same-sex couples in New York. After providing a brief introduction to the Act, Mr. LaPiana and Mr. Robinson go into detail on how it affects property law (inheritance rights, conveyances to spouses, elective share, ancillary probate), parentage rights (adoption, conception through artificial insemination), and taxation (income tax, estate tax, gift tax, generation-skipping transfer tax, disclaimers). They conclude their talk with an explanation on the limitations of the Act. With thorough supplemental materials and case law references, the rich content of this course will be helpful to New York trust and estate attorney

Lesli Workman

SPEAKERS: SCOTT DITMAN, CPA/PFS , a Berdon LLP tax partner, devises creative wealth transfer and estate planning strategies for high net-worth individuals. Blending individual, family, and business goals, he builds flexibility into the planning and advises on adjustments as financial conditions change. Tax partner MAURY GOLBERT, CPA, JD, LL.M. works closely with the leaders of many prominent closely held businesses — developing tax-saving techniques to preserve and enhance personal net-worth and transfer business interests to future generations.

Becki Vandaele

Ryan notes the existence a 3.8% tax provision on home sales in the Obama Care bill and discusses when such tax is applicable.Louis notes that the obama care bill is up for review by the Supreme Court. Louis notes that the Federal government classifies high income earners in a universal manner and doesn’t take into account regional differences. For example a couple making 200K in the Washington DC area is not as wealthy as a couple making $200k in Alabama. Ryan notes that adding taxes can only harm the real estate market. Louis notes that people should not view their primary residence as an investment vehicle. Louis notes that if home owners are interested in flipping their homes they are not supporting the home ownership model as the basis for promoting home ownership is to encourage stable communities, not one where there is constant turnover due to incessant home flipping.

Benton Herrell

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Shirl Shandro

Flushing 2 bedrooms co-op at 43-36 Robinson St. Built in 1954. About 900 square feet. Maintenance $678 include electricity, gas, water, heat & real estate tax. Asking $249000 Kin Tsui, Kin Real Estate, KinRealEstate.com. Sold in November, 2011 for $235000

Mel Flander

Jeff Duncan, host of “It’s Your Money,” interviews St. Louis area estate planning attorney Jim Blase of Blase & Associates, LLC, about revocable and irrevocable trusts, the payment of IRAs to trusts, income taxation of trusts, and the effect of the new estate tax laws on estate planning.

Elizabeth Wright

www.FaceBook.com www.MortonJonesRealEstate.com http Short video where MoJo Real Estate analyzes whether homeowners considering a move should rent their property or sell. Max Jones and Zac Morton specialize in Real Estate consulting for buyers, sellers, and also help landlords with property management. Current market conditions and tax implications make this a difficult decision best left to the trained eye.

Hans Tanenbaum

PMZ Real Estate agent Michelle Diago explains the new California real estate tax credit, AB183. Effective May 1st, a $10000 tax credit is allocated to first-time and new home buyers.

Cassandra Cardiff

BOOK REVIEW TOLLEY’S ESTATE PLANNING 2011-12 By Sharon McKie and Simon McKie ISBN: 978-0-7545-4045-8 Tolley/LexisNexis www.lexisnexis.co.uk ‘BOTH A SCIENCE AND AN ART’: PRACTICAL PLANNING FOR THE FUTURE OF YOUR PERSONAL AND FAMILY ESTATE An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers With this new work of reference from Tolley LexisNexis the authors Sharon McKie and Simon McKie have, produced a highly detailed and authoritative statement of the law relating to planning how to deal with those of your personal and family resources that constitute an estate. The authors point out that while this is a work on taxation, it’s not exclusively so, for estate planning involves much more than just endeavouring to minimize exposure to tax. Just how complex this area of law is can be ascertained by a mere glance at the table of contents. Taking the practical approach needed to achieve the most desirable results at the lowest cost, the book contains chapters on trust law, settlements, offshore trusts, insurance, pensions, the family home, the family business, the family farm, woodlands, charitable donations, and heritage property. Estate planning must also take account of the more fraught aspects of life that can impact for good or ill on personal wealth, from matrimonial breakdown, to making a will and Post-death estate planning. There are also useful chapters pertaining to the expatriate client, either overseas or ‘internationally mobile …

Katherine