Monthly Archives: February 2015

Large-asset divorce — your largest business deal

Wealth is rarely created by accident, and neither is preservation of wealth. Large asset cases require a unique blend of accounting, tax and family law expertise and application.

With current income tax rates reaching almost 44%, it is easy to understand that “Uncle Sam” is the silent partner in every divorce case. Complex property division includes asset and debt determination, characterization, analysis, valuation and tax planning. Each stage of a case is an important foundation to the next.

Your divorce may be the largest financial deal you ever transact, and it is imperative that you treat it as such.



Time to meet your estate and gift planning objectives

Since the Bush tax cuts of 2001 and 2003, the U.S. Income and Estate Tax planning arena has been a roller coaster ride for those with large assets. On January 2, 2013, the American Taxpayer Relief Act was signed into law, providing stability to planning for estate, gift, and generation-skipping transfers, with a Unified Tax Exemption of $5,120,000 indexed for inflation. With the inflation index, the Unified Tax Exemption for these transfers is now $5,430,000 in 2015. In addition, the Annual Gift Tax Exclusion for 2015 is $14,000. With these unprecedented tax exemptions, there may be no better time to complete your estate and gift planning objectives.