ADVERTISEMENT



Google       

Home -> Law Blog Directory -> Estate Planning Blogs -> North Carolina Estate Planning Blog

OR PHONE (866) 635-1838 for Bankruptcy Help, (866) 635-6190 for Divorce,
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense

Find a Local Lawyer

Bankruptcy (866) 635-1838
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402

Bookmark

Estate Planning

: North Carolina Estate Planning Blog

Estate and Income Tax Reduction Strategies in a Bear Market

By Gregory Herman-Giddens

ADVERTISEMENTS

 1) If you are not selling options or using margin trading, you should revoke your margin agreements.  This reduces your risk by ensuring that your securities are not lent.

 2) Roth IRA conversions should be aggressively reviewed.
 
3) Loss Harvesting, while remaining in the market should be reviewed.
 
4) For now, if you have over $100,000 in one bank you should consider using several banks.
 
5) GRATs to freeze (for tax purposes) the value of depressed stocks should be implemented.
 
6) Large gains should be taken under the 15% tax rate compared to a higher future tax rate.
 
7) Tax efficient asset allocation between Roth's, Qualified Plans and outside accounts should be reviewed.
 
8) Parents should aggressively gift and sell closely-held business interests to trusts for children and Grandchildren.
 
9) Taxable Gifts, incurring a gift tax, will in vogue under a new administration.
 
10) Oil and Gas will continue to provide tax and financial planning opportunities.
 
11) Have an expert review all life insurance policies.
 
12) Consider funding dynasty trusts today ($2,000,000) and on January 1, 2009 ($1,500,000).
 

 From Bob Keebler, CPA

 

Full post as published by North Carolina Estate Planning Blog on October 08, 2008 (boomark / email).

Bloggers, promote your law blog by nominating your blog for inclusion in USLaw.com's Law Blog Directory and RSS Reader. Benefits described.
Related Law Articles

Self Defense
It's legal to defend yourself and your family

Income Tax Changes for 2007
Get Answers to your Income Tax Questions

Real Estate Brokers
Questions home sellers should ask potential brokers

Real Estate Brokers
The role brokersplay

Estate Planning
Documents: durable power of attorney, living will, letter of instruction, and insurance trust

The Mortgage Forgiveness Debt Relief Act
Phantom Income Relief on Debt Cancellation

Lawsuits and Settlements

Wrestler Estate
Family of pro wrestler settle multi million dollar estate lawsuit.

Estate of Seth Tobias
$25 million estate to be split as part of settlement.

Phone Bill Reduction
Qwest agrees to $16 million settlement in overcharging lawsuit.

Estate Planners Face Elder Abuse Class Action
California Estate Planners Face Elder Abuse Class Action

Whole Foods Market Recalls Bulk Hazelnuts
Whole Foods Market Recalls Bulk Hazelnuts

Killer Heir
Estate of Fred Keller pays $40 million settlement.

Related Searches

























































































































US Law
#1 Online Legal Resource













Your Blog Subscriptions
Subscribe to blogs

10,000+ Law Job Listings
Lawyer . Police . Paralegal . Etc
Earn a law-related degree
Are you the author of this blog? Adding USLaw.com to your Blogroll increases relevance. You qualify to display a USLaw Network badge.
Suggest changes to this blog's description or nominate another for inclusion. Register for updates.


Practice Area
Zip Code:

Contact a Lawyer Now!






0.0152 secs (new cache)