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Nina Stillman: Posted on Thursday, May 10, 2012 3:54 PM
Estate freezing techniques are tools which can be used by people to minimize certain gift and estate taxes by freezing the value of assets currently in their estate. These techniques are typically used to stop the growth of an estate when planning for the future. When an individual freezes the value of some of their assets, the tax liability that would arise on the death of the individual or the owner of the business would be locked in at the value the asset had at the time of the activity which froze the value. |
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Posted on Friday, March 30, 2012 3:17 PM
 Last week, we took a look at President Obama’s proposal for the 2013 budget and its implications for small businesses. Today, we will examine Estate Tax changes the new budget may have in store for us.
The first and possibly most important change in the Estate Tax is the return to 2009’s tax rates. Currently, the estate tax exemption is $5 million. Anything over that amount in your estate would be taxed at a 35% rate federally. Going back to the 2009 parameters, the exemption would decrease to $3.
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Nina Stillman: Posted on Wednesday, February 29, 2012 6:09 PM
 Whether you own a business or any other valuable
asset, it is important to have a succession plan to make sure that your assets
live on in safe hands. A Self Cancelling Installment Note (SCIN) can be a very
beneficial and creative way of setting up a succession plan. A SCIN works in a
similar fashion to an installment sale with some key differences. Under such a
succession framework, the party setting up the plan sells an asset to one or
more family members or buyers. The buyers pay for the asset in installments in
the same way that they would under an installment sale, but upon the death of
the seller, the remaining balance is canceled. |
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Nina Stillman: Posted on Tuesday, November 01, 2011 1:38 PM
 "I am too young to have a will". or "Really, Me??? I don't have anything to plan for. These are the most common excuses I hear when younger people meet me and I tell them that I am an estate planning attorney. Business owners always tell me that they will take care of that when they make their money"! I have take n the liberty of adapting from a Wall Street Journal Blog an article about estate planning for all ages. "There’s a misconception that |
Attorney, Wills, Estate Planning, intestate, married, minor children, no will, single, Life Insurance, succession planning, taxes, guardians, power of attorney, Trust, aging parents, asset management
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Nina Stillman: Posted on Tuesday, October 18, 2011 8:35 AM
 It is National Estate Planning Week! (ok so we had to declare it for ourselves!) What is estate planning and what are the basics you ask? Why is it important? Estate planning is a process utilizing the advice of trusted advisers to assist you with decisions about how to protect and distribute your assets(including your business if you own one) when you pass away, who should pay your bills and take care of your monetary affairs for you in the event that you are living but unable to take care of them yourself, and also who should make medical decisions for you based upon your wishes in the event that you are injured but cannot communicate your desires clearly. |
Wills, Estate Planning, minor children, Life Insurance, tax savings, Business law', business taxes, buy sell agreement, corpoation, corporation, dissolution, exit strategy, partnership, sale of business, succession planning, taxes, trusted advisor, disability, retirement, guardians, power of attorney, Charity, asset management
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Nina Stillman: Posted on Tuesday, October 11, 2011 5:44 PM
Taking care of your self, your career, your spouse, his or her career, your kids, their activities and school work, your home, your pets and being there for your friends... it can all get overwhelming. Add in a parent or other loved one who has a need for a caregiver and you can find yourself underwater. Taking care of yourself usually goes out the window first and that is actually the last thing that you want to do. You need to be healthy, physically nd emotionally so that you can help your loved one to the best of your ability. |
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