A power of attorney is a key component of a comprehensive estate plan. In general, a power of attorney allows a person (a “principal”) to appoint someone to act on his or her behalf (an “agent”) with respect to the management of the principal’s property and financial affairs. A power…
The protection of historic buildings and sites occurs primarily at the local level. Most local governments have enacted a historic preservation ordinance tailored to meet the needs of the particular community. The ordinance will often establish a historic preservation program aimed at protecting buildings and sites deemed worthy of preservation….
After a decade of uncertainty, on December 17, 2010, Congress passed the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (the “Act”). The Act provides guidance to taxpayers for tax years 2010 through 2012 and presents planning opportunities during this period of time. Reminiscent of the past…
December 21, 2010 – In January we advised you that the federal estate tax was repealed for deaths occurring in 2010 and that the federal generation-skipping transfer (“GST”) tax was repealed for testamentary and lifetime transfers occurring in 2010. We also highlighted certain planning opportunities that appeared to exist in…
