Blog

IRS Year End Tips for Charitable Giving

IRS has tips for you as you start to think about making charitable gifts this year.   You can find the Tax Tips here, but we have reprinted much of the pertinent information for you: Qualified charities. You can only deduct gifts you give to qualif… Read More
Read More
Categories: News

Q&A: Can My Father-In-Law Give Us a 14k Gift? Can He Give Us More?

Occasionally, we will reprint questions and answers from clients –  always with their permission and always edited for confidentiality. So a client wrote me an email today that is fairly common, especially this time of year, when clients talk… Read More
Read More
Categories: Gifts, Q & A

New Second Marriage Statistics Brings Trust Planning for Spouses into Sharp Focus

One the main reasons many of my clients want to create a testamentary trust for their spouse – something we typically call generally a “Marital Trust” is the fear that after their death, their husband or wife (but typically the fear is more… Read More
Read More
Categories: News

A Five Million Dollar Deadline Is Approaching

The IRS extension of time to elect portability of  an unused estate tax exemption expires on December 31. If you had a spouse die in 2011, 2012 or 2013, you should be looking into an important December 31, 2014 deadline. The IRS granted an extension… Read More
Read More
Categories: News

UPDATED: Change in IRA Rollover Rules for 2015

If you are in the habit of annually rolling over funds in multiple IRAs, you may need to start using trustee-to-trustee transfers instead.  This is because IRS will enforce a limit on the total number of rollovers in any 12 month period. As noted on… Read More
Read More
Categories: IRAs, News

IRS Gift and Retirement Savings Limits for 2015 Go Up a Little

Every year around this time, IRS publishes a Revenue Procedure that sets out the estate and gift tax limits for the following year.   This year, Revenue Procedure 2014-61 sets them as follows: 1.    Each individual’s “Lifetime Gift E… Read More
Read More
Categories: News

Beneficiary Designations - The Stealth Will

Why Your Beneficiary Designations Are More Important, and More Dangerous, than You Think Many of our clients spend hours pouring over the estate planning documents we prepare, cogitating on the best way to provide for their children, and insuring tha… Read More
Read More
Categories: News

National Estate Planning Awareness Week

Yes, there really is a week for everything. In 2008 the House of Representatives passed H. Res 1499, which encourages the distribution of estate planning information by professionals to all Americans and which supports the designation of a “Nat… Read More
Read More
Categories: News

The New Maryland Estate Tax Law

On May 15, Maryland’s Governor signed the Maryland Estate Tax Bill, HB0739, which will raise the Maryland estate tax exemption from $1 million dollars, where it has sat for over a decade, to ultimately equal the Federal estate tax exemption in 2019… Read More
Read More
Categories: News

Those with less Are Giving More . . . and Those with More Are Giving . . ?

The Chronicle of Philanthropy released a study of charitable giving between 2006-2012, showing that lower and middle income Americans are giving more, as a share of total income than before, and that higher income Americans are giving less as a share… Read More
Read More
Categories: News

Our Attorneys

Norman B. Handler's Profile Image
Norman Handler started his legal career with the IRS, auditing estate tax returns and, in its National Office, developing estate tax policy. He moved into private practice, first as an associate and later as a partner in a large Montgomery County law… Read More

Marc S. Levine's Profile Image
Marc S. Levine has been practicing law since 1992, all with Handler & Levine, LLC, and its predecessor firms. Marc regularly assists individuals and families in preparing their estate plans, including drafting their wills, revocable trusts, tru… Read More

View All Attorneys

For More Information

Fill out our online form
Connect With Us:logo_facebook
Associations:logo_avvologo_martindale_hubbell