Committed To A Streamlined, Lower-Stress Client Experience
1. What are the federal transfer taxes? There are three federal transfer taxes – the gift tax, the estate tax, and the generation-skipping transfer (GST) tax. Each of these impose a tax on wealth transfers made during life or at death. The goal of the estate planning attorney is to avoid or minimize these taxes by taking advantage of exemptions,…
One of my clients is an elderly divorcee. She recently contacted me with several concerns about her estate. Her primary concern was that she wanted to keep her home out of probate when she passes away. Like most people, she doesn’t like the idea of her property being tied up in legal limbo for months before her beneficiaries (in this…
Q: At what point do I know whether an “escrow dispute” has arisen between the parties? A: Essentially, there is an escrow dispute when (1) one of the parties refuses to close and (2) both parties are unwilling to sign a written authorization to the Escrow Agent as to the disbursement of the funds being held in escrow. When it…
