Jun 25, 2014

Posted by in Blog - "Altman Speaks"

Coming Soon: Changes to the DC Estate Tax!

Yesterday, the DC Council voted to approve a sweeping tax cut bill which includes changes to the District’s estate tax. Currently, estates in the District with a taxable value greater than $1 million are subject to DC estate tax.  If the bill is signed into law, the estate tax exemption...

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Jun 12, 2014

Posted by in Blog - "Altman Speaks"

Supreme Court: Inherited IRAs Not Protected in Bankruptcy

When Heidi Heffron-Clark inherited an IRA from her mother in 2001, she was unaware that, upon filing for bankruptcy nine years later, the account could not be shielded from creditors. In an opinion that was unanimously agreed upon, Justice Sonya Sotomayor, announced the court’s ruling that...

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Jun 2, 2014

Posted by in Blog - "Altman Speaks"

The Unintended Consequences of Some Provisions

I have been writing in my blogs about the importance of the words that are written in estate planning documents and how these words have consequences.  Many times attorneys just use the same words over and over again, without ever thinking about the meaning or the consequences in a partically...

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May 28, 2014

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Gifting a Home: Is a Qualified Personal Residence Trust for You?

A “QPRT” or “Qualified Personal Residence Trust” is a legal sanctioned method of transferring a primary or vacation home to family members at a reduced gift and estate tax cost.  In other words, by transferring a home to a QPRT and retaining the right to live in the home...

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May 23, 2014

Posted by in Blog - "Altman Speaks"

In Honor of Memorial Day

This weekend, and always, we are grateful for the sacrifice of the men and women of the United States Armed Forces.  Below are some ways to show your support, and honor the fallen and their families this Memorial Day. –  The Altman Team 1. Thank a veteran, in person, on Twitter, or via...

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