I can’t believe it but New York finally did it! The Assembly and Senate passed UPMIFA (see other posts for what it is)! Looks like NY will be the 47th State to pass it. Sorry PA and FL. Anyway, the bill is waiting for the Governor to sign it (likely at the end of August). ...
This would be a frustration post (but with some interesting gift planning tossed in). Quick facts: I gave an estate planning seminar to a group of prospects/donors for a client. Someone in the audience came up after the speech with a bunch of detailed questions about CRTs. It became quickly clear that this person had...
One of the blog readers requested to see the longer, scholarly article written by Professor Russell James on the starting bequest data referenced in my previous post. Since this article can be found on the web, here is the link: http://6aa7f5c4a9901a3e1a1682793cd11f5a6b732d29.gripelements.com/pdf/russell_n._james.pdf On this topic, I wanted to report back that one of the planned giving...
I couldn’t resist posting this story. George Steinbrenner is the second prominent billionaire to avoid some whopping estate taxes with his timely death in 2010. Here is the New York Post’s humorous take in this one: http://www.nypost.com/p/news/local/death_perfect_timing_NusLyGlMu8cn8kyepprVJP I wonder if Congress is hearing these messages.
Are we saying that 59% of all of our “legacy society member” intents will not come to fruition? Read on if that percentage throws you for a loop. I have been struggling for a few weeks on writing a blog post in reaction to an article in AFP’s May/June 2010 issue of Advancing Philanthropy entitled...