Feb 15, 2012
Posted by vanderhave in Blog - "Altman Speaks"
Proposed 2013 Budget Calls for Comprehensive Tax Reform
The President’s proposed budget for 2013, issued this week, would permanently restore the estate tax rates to those that were in effect in 2009 and restrict some popular strategies used to shift assets to future generations. Below is a break down of the proposed estate and gift tax... Read More
Feb 14, 2012
Posted by vanderhave in Blog - "Altman Speaks"
If Form 706 is Not Timely Filed, Portability Election May Still Be Possible
As explained in earlier blogs, until December 31, 2012 (or sooner or later depending on Congressional action), decedent’s estates are able to elect portability of the estate tax exemption between spouses. In order to claim the benefit of portability, a timely filed estate tax return (Form 706)... Read More
Feb 13, 2012
Posted by vanderhave in Blog - "Altman Speaks"
The Evolution of IRA’s: Why Designating the Right Beneficiary is Only the Beginning
In a recent blog, “The Importance of IRA Distribution Planning,” extensive analysis was provided as to the importance of naming a trust as an IRA beneficiary rather than any one individual, especially a minor child. A common misconception is that when assets are transferred to an IRA and the... Read More
Feb 10, 2012
Posted by vanderhave in Blog - "Altman Speaks"
The Super Bowl, Caribbean Style
For the past several winters, my wife, Liz, and I have taken a cruise to the Caribbean in order to get out of the cold and recharge our batteries. This year, for a change of pace, we went to beautiful island of St. Thomas, US Virgin Island for a few days of sun and relaxation. Not... Read More
Feb 9, 2012
Posted by vanderhave in Blog - "Altman Speaks"
Proposed Changes in Senate Could Impact / Eliminate Stretch IRAs
Senate Finance Committee Chairman Max Baucus (D-Mont.) yesterday announced he will release a modified Chairman’s Mark of The Highway Investment, Job Creation and Economic Growth Act of 2012 ahead of the Committee’s consideration of the bill. The modified mark will incorporate amendments... Read MoreConnect with us!
