Category: Tara Halbert

Trusts that Qualify for the Gift and GST Tax Annual Exclusions

by Tara Halbert | Jul 2, 2018

In 2018, each person has a lifetime gift tax exemption of $11,180,000 and a lifetime generation-skipping transfer (GST) tax exemption amount of $11,180,000. In addition to these lifetime exemption amounts, a donor may make gifts...

IRS issues Rev. Proc. 2017-34 to Extend Time to Make Portability Election

by Dickinson Wright | Jul 3, 2017

By: Tara Halbert For individuals dying after December 31, 2010, Section 2010(c) of the Internal Revenue Code provides that the unused estate tax exemption of the first deceased spouse is “portable” between spouses at...

Graegin Loans for Estates

by taxblog | Jun 27, 2016

By Tara Halbert A Graegin loan is an option for estates that do not have sufficient liquid assets to pay estate taxes and/or administration expenses. This type of loan is often used to avoid a forced sale of a closely-held...

Minimize Generation-Skipping Transfer Tax Exposure

by taxblog | Dec 7, 2015

By Tara Halbert The Generation-Skipping Transfer (“GST”) Tax applies when a person makes a gift during life or bequeaths property at death to a “skip person”. A skip person is generally a person two or more generations below the...

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Tax Blog is published by Dickinson Wright PLLC to inform the public of important developments within the firm and practice areas. The content is informational only and does not constitute legal or professional advice. We encourage you to consult a Dickinson Wright attorney if you have specific questions or concerns relating to any of the topics covered in this blog.