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How to use the Internet for estate planning and tax research

Article Abstract:

The Internet may be used by estate planners to facilitate research and communication with other professionals and clients. E-mail may be used for single or multiparty communication, including transferring files between persons. Many and varied research sites exist to aid the practitioner, some are quite specific. The benefits of Internet use come with the problems of security control, viruses, and the need to judge quality and monitor accuracy. Textual examples and several Web sites are provided.

United States, Usage, Internet

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Real estate offers many planning opportunities

Article Abstract:

Real estate owners can realize savings in terms of income taxes, estate taxes and gift taxes. Taxpayers can incorporate their residences and investment realty into their estate planning strategies. A sale/leaseback arrangement allows the seller to retain control of the property, and the income tax on the gain from a sale can be deferred by reporting the gain under the installment method.

Taxation, Real estate investment, Real estate investments, Real property tax, Real property taxes

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Post-mortem strategies extend planning prospects

Article Abstract:

Tax planners can use post-mortem estate planning techniques to extend the estate and tax planning opportunities of clients who have died. These techniques can correct errors in planning and help beneficiaries obtain estate and gift tax savings. Tax planners must consider probate issues, generation-skipping issues and tax and property laws when using these techniques.

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