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Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself.
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Tag Archives for: "IRS"
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 Can Married Couple Shelter $2 Million from Massachusetts Estate Taxes?
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By Harry Margolis
In Estate and Gift Taxes
Posted May 5, 2020

Can Married Couple Shelter $2 Million from Massachusetts Estate Taxes?

Question: Assuming a couple with a Massachusetts joint taxable estate of $5 million, I see how you say to use a trust for the benefit of surviving spouse with $1 million (where surviving spouse [...]

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 What is the Tax Treatment of Trustee Fees?
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By Harry Margolis
In Revocable Trusts, Trustee
Posted December 21, 2018

What is the Tax Treatment of Trustee Fees?

Question: Does the trustee of an irrevocable trust pay income tax on the fee they charge the trust? Would that fee then be a deduction from trust income? Response: Yes on both counts. Fees earned [...]

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 Creating a Private Foundation or Using a Donor Advised Fund
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By Harry Margolis
In Charitable Giving
Posted June 23, 2017

Creating a Private Foundation or Using a Donor Advised Fund

If you’re like me, your charitable giving is somewhat haphazard. It depends on what cause plucks at your heartstrings on a particular day, who is asking for a donation, and whether or not [...]

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 You’re Only Allowed to Give Away $16,000 a Year to Each Recipient, Right?
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By Harry Margolis
In Estate and Gift Taxes
Posted April 14, 2017

You’re Only Allowed to Give Away $16,000 a Year to Each Recipient, Right?

So, you’re only allowed to give away $16,000 a year to each recipient, right? No, wrong. But it might nevertheless be a good rule of thumb. Like many of our clients, you may be under the [...]

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  • Asset Protection (34)
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  • Estate and Gift Taxes (56)
  • Guardianship and Conservatorship (5)
  • Health Care Directives (13)
  • Irrevocable Trusts (52)
  • Long-Term Care Planning (173)
  • Non-Traditional Families (16)
  • Non-US Citizens (27)
  • Pets (4)
  • Practical Matters (15)
  • Probate (38)
  • Property in Other Countries (5)
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  • Retirement Plans (19)
  • Revocable Trusts (102)
  • Second Marriages (11)
  • Social Security (18)
  • Special Needs Planning (70)
  • Trustee (52)
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Harry Margolis book: The Baby Boomers Guide to Estate Planning

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