If President-elect Trump and the Republican led Congress succeed in eliminating the federal estate tax (see my prior post), what could we see take its place? Two options are the carry over basis that we saw during 2010 when the…
Along with all of the other uncertainties going forward is whether or not the repeal of the gift tax will also happen. President-elect Trump has proposed, along with the repeal of the estate tax, the elimination of the gift tax.…
This past July, 2016, the Nevada Supreme Court issued a ruling that greatly affected non-compete agreements in the state. In Golden Rd. Motor Inn, Inc. v. Islam, the Nevada Supreme Court found that non-compete agreements may not “extend further than…
Along with Donald Trump’s surprise victory, even for many of those who voted for him, comes a great deal of speculation over the various policies that President-Elect Trump proposed during his campaign. Among the things that he proposed were wide-ranging…
The term “Dynasty Trust” refers to an irrevocable trust that lasts for multiple generations. Some people also call this a “Legacy Trust” since you are, in effect, creating a legacy to benefit your descendants for years to come. While some…
