Insight on Estate Planning - February/March 2016
Here's a brief glance at what you'll find in the February/March issue…
When interest rates are low, it's high time for estate planning
Interest rates remain at record lows, and while many experts believe they'll begin to rise soon, it's likely they'll rise slowly. So it's an ideal time to implement estate planning strategies that are most effective in a low-interest-rate environment. This article examines several estate planning strategies to consider implementing in the near term. It also includes a brief discussion on charitable strategies that are most effective in a low-interest-rate environment.
Asset protection: Back to basics
Asset protection trusts can be highly effective vehicles for protecting wealth in today's litigious society. But these trusts can be complex and expensive, so they're not right for everyone. For those seeking simpler asset protection strategies, there are several basic, yet effective, tools to consider. This article details five asset protection strategies.
Trusts and taxes
Understanding how one affects the other can benefit your estate plan
Trusts typically are a main component of an estate plan. But many may not know how higher taxes can impact a trust's overall effectiveness. This article explains how the current tax environment affects trust planning.
Estate Planning Pitfall
You haven't taken state estate taxes into account
A generous gift and estate tax exemption means only a small percentage of families are subject to federal estate taxes. But it's important to consider state estate taxes as well. Although many states tie their exemption amounts to the federal exemption, several states have exemptions that are significantly lower. This brief article explains how, in the eyes of the IRS, to successfully cut ties with one state and establish residency in another state with lower state estate taxes.
To view/download a PDF of the newsletter with full articles, click here.
Hot Summer Topics
Join us as we deep dive into the hot button issues to help you avoid litigation. Leaders of schools, housing authorities, organizations serving youths, and governmental entities will learn from Clark Hill’s diverse and wide array of specialists that other “school law” firms do not have.
The 3 ‘Cs’ of International Cannabis: Context, Chain, and Capital
Join us as we examine the importance of the three essential Cs, and provide insight and direction for navigation in this complex and everchanging environment
Can the Cannabis Industry CLIMB to Increased Institutional Investment and Capital Markets Listings?
On June 23, 2022, Representative Troy A. Carter, Sr. (D-LA) and Representative Guy Reschenthaler (R-PA) introduced a bipartisan bill called The Capital Lending and Investment for Marijuana Businesses (CLIMB) Act which, if passed and signed into law, could give a significant boost to the struggling cannabis industry.