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Many things are still unknown about the new Tax Law. Attached is a review of the various Code provisions. The most important aspect is the “Expiration Dates” of the various sections. There has been a lot of discussion about the estate tax. It should also be noted that the income tax and several other sections […]

Robin A. Lloyd, Sr., Esq. January 23, 2018 Greetings from the Heckerling Tax Institute. They are trying to explain the new tax code this week. Since the Tax  Code has many parts, this is not easy.  Although a law has been passed the next step is the Regulations where Treasury explains what the Code means. […]

Robin A. Lloyd, Sr., J.D. January 9, 2018 GUNS, GUNS EVERYWHERE! Apparently, because of the concern over a potential firearms ban, a good number of people bought firearms over the last few years.  Because of our estate planning work, I started to think back at how many estate inventories I had with weapons in them. They […]

  As the House and the Senate try to reconcile the differences in their tax bills and build the similarities into coherent tax law, there are some aspects of current tax law that should be taken advantage of before year’s end. Charitable Deduction Contributions Although both versions of the tax bill maintain charitable contribution deductions, […]

  The Senate narrowly passed its Tax Reform Bill in the early hours of Saturday morning, with a 51-42 vote in which no Democrats voted in favor of the bill. This marks a significant achievement toward real tax reform, as the House and the Senate now enter conference to merge the House Tax Bill and […]

In planning for non-taxable estates, one of the client’s most important goals (after distribution provisions are drafted) is to avoid probate, and this is usually achieved by utilizing a Revocable Trust as the client’s main estate planning document.  The Trust will control where the client’s estate goes after the client passes, and if properly funded, […]