House Passes Legislation with GRAT Limitations; Senate Considering Extenders Bill; Family Farm Estate Tax Bill Introduced in Congress; Pierre Case: Court Finishews Reviewing Transfers to LLC
Congress Expected to Consider Tax Proposals in June; Eighth Circuit Affirms 2008 Tax Court Ruling; States Enact Laws Construing Formula Dispositions; Attorney and Promoters of Fraudulent Insurance Scheme Convicted
House Passes Legislation with Minimum Term for GRATs; Senate Passes Bill with Charitable IRA Rollover; Health care Bill Becomes Law; Treasury Report on CHOLI
In April 2010, the Treasury Department released a report which analyzes the Federal tax law implications of certain ChOLI arrangements and the issues they present.
The IRS has recently released guidance that can help plan sponsors and participants amend their deferred compensation plan documents to comply with the requirements of Section 409A.
Learn about the John Hancock Advanced Markets Group.
The Advisor Brief
The Advisor Brief NOW an E-Brief! Build relationships and value with our popular on-the-go briefcase. Now an interactive tool that can be personally delivered electronically to your centers of influence —- for one-click access to YOU. This "virtual" collection of Advanced Markets reference tools highlights your access to products and services as you build relationships with other professional advisors on the client advisory team. Stay tuned for more innovative ways this e-brief can be used to help you build your networks. Go to www.jhadvisorbrief.com and take a look.
Just back from speaking at the Heckerling Institute at Miami University School of Law - our very own Randy Zipse, Senior Counsel and VP of the Advanced Markets Group discusses the current State of Estate Tax.
Because You Asked: Declining Interest Rates Can Be Good News for Estate Planning
Interest rates have remained low and now the Section 7520 rate has dropped even lower than in previous months - from 3.2% in June to 2.8% in July. Click here lean more about how Declining Interest Rates Can be Good News for some popular estate planning techniques, such as Grantor Retained Annuity Trusts (GRATs) and Charitable Lead Annuity Trusts (CLATs).
Today we re-air our JHAM broadcast featuring Estates of the Rich and Famous with guest Jeffrey Baskies as a reminder of the type of work we do for the families left behind.
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This material does not constitute tax, legal or accounting advice and neither John Hancock nor any of its agents, employees or registered representatives are in the business of offering such advice. It was not intended or written for use and cannot be used by any taxpayer for the purpose of avoiding any IRS penalty. It was written to support the marketing of the transactions or topics it addresses. Comments on taxation are based on John Hancock’s understanding of current tax law, which is subject to change. Anyone interested in these transactions or topics should seek advice based on his or her particular circumstances from independent professional advisors.
