Ask Ray,Estate & Gift Tax Planning

Should Our Family Limited Partnership Be in California?

August 31, 2011 Comments Off on Should Our Family Limited Partnership Be in California?

I am often asked why we have recommended making a different state the location for a client’s Dynasty Trust, Family Limited Partnership, or LLC. Since setting a trust or entity up in another jurisdiction is There are many different reasons for doing so Some states allow a trust to last forever. California, on the other […]

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Ask Ray,Post-Death Probate & Trust Administration

PALO ALTO CPA ASKS ABOUT 2010 DEATH & TAXES

August 30, 2011 Comments Off on PALO ALTO CPA ASKS ABOUT 2010 DEATH & TAXES

Bert Torres, a Palo Alto CPA, recently asked about the estate tax results for people who died in 2010. If the decedent’s estate is less then $3,000,000, does an estate tax return or the 8939 (Carry-Over Basis Form) need to be filed? Answer: When Congress changed the law on December 17, 2010, they modified the […]

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