The IRS is expected to issue regulations this fall that will substantially limit the use of family limited partnerships and family limited liability companies.  These entities are often used as a method to gift assets to children and other family members at discounted values, often as much as 40%. It appears that the regulations will...Read More

The Month of May is “National Elder Care Month.” While Elder Law encompasses a variety of legal matters impacting senior citizens, it is important that individuals of all ages understand the necessity of basic advanced directive documents such as durable powers of attorney, living wills and health care surrogate appointments. A durable power of attorney gives...Read More

It happens all the time:  A firearm or collection of firearms is passed down when the owner passes away.  Most gun owners do not realize that even if they provide for a transfer of their weapons upon death, their beneficiaries may be inadvertently violating the law upon taking possession. A well drafted Gun Trust can...Read More

President Obama recently released his 2015 budget proposal, which includes significant changes to estate and gift tax laws. After the American Taxpayer Relief Act of 2012 (“ATRA”) was enacted, the Federal estate and gift tax rules were considered “permanent” for 2013 and beyond. For now, the proposed changes are simply part of the President’s wish-list,...Read More