The Petter case recently analyzed by KYEstate$ noted that valuation discounts are “a major goal . . . of contemporary estate planning” because they often “create the possibility of a more taxpayer-friendly valuation.” Petter cautioned, however, that valuation discounts are “often a major problem.” It’s not surprising that the IRS would see valuation discounts as […]
You never know what will happen when the mainstream press tries to cover estate planning. Sometimes, good intentions go astray. Other times, many column inches provide relatively little insight. Once in a while, something useful is shared with the general public. KYEstate$ isn’t sure what to make of this New York Times article from February 18: […]
KYEstates strives to provide fair and balanced commentary. No, truly, we do. Image: U.S. Tax Court Website So, when we are biased, we’ll let you know. Please be advised that KYEstates is biased in favor of the taxpayer. For that reason, KYEstates is happy to report on the facts, arguments, and taxpayer victory in Estate of […]
T&E Community – in the midst of all the estate planning you do for your clients, do you ever pause for a moment to wonder whether your own retirement planning is in order? At the Notre Dame Estate Planning Institute last October, in between opportunities to catch up with Kentucky T&E attorneys Jesse Mountjoy of […]
Will the estate tax, like an old soldier, fade away? Or, like the same old soldier, will it return? The FY2011 Green Book, recently published by our friends in Washington, shows they are planning for the tax to return. The transfer tax sections of the FY2011 Green Book are looking awfully similar to what we […]