Insights

Issues and Opportunities in Estate Planning Under the New Congressional Leadership

By: Ladidas Lumpkins and Alfred Pruskowski The political ground appears to be shifting on the taxation of assets that are transferred among family members as part of their estate planning. While many details have yet to emerge, there are...

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Trusts & Estates  |  By Mark J. Ackerman, CPA, TEP, AEP

Social Security Retirement Benefits

Social Security was created in 1935 to help Americans supplement their retirement income. The idea of Social Security is universal for Americans, but it is a complex system and can often cause confusion. Full retirement age is the age at which you...

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Trusts & Estates  |  By Mark J. Ackerman, CPA, TEP, AEP

Portability of the Unused Spousal Exclusion

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 introduced the concept of portability.  Portability allows the executor of a deceased spouse’s estate to transfer any unused estate tax exemption to the surviving...

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Trusts & Estates  |  By Mark J. Ackerman, CPA, TEP, AEP

New York State Estate Tax Changes

Over the last year, after talking to many clients about estate tax planning, even though the New York State estate tax law was changed on March 31, 2014, many people paid no attention to the changes. There was some good news regarding the change of...

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