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Estate Planning in 2012

Estate Planning in 2012

April 24, 2012

Authored by: Mary Ann Mancini

Generally, there are three basic goals of estate, generation skipping transfer, and gift tax planning: (1) the reduction of estate and gift taxes upon transfer; (2) the deferral of the estate, generation skipping transfer, and gift tax burden; and (3) ensuring for the necessary liquidity to pay the taxes when they come due.

We are in the midst of very volatile times which, at least for a foreseeable future, although no one knows for how long, can provide opportunities to achieve these goals in particularly beneficial and tax-efficient ways. This is the result of the present low interest rates and the drop in value of most types of assets, which allows clients to engage in some estate planning that may not be available when interest rates rise and values are driven higher.

Please see full Article for further information.

A Very Merry Un-Taxday To You

With research contributed by Melissa Fernley.

As the old saying goes, the two things you can’t avoid are death and taxes. But while the grim reaper may arrive unplanned, it’s generally understood in the U.S. that the taxman comes calling on April 15th – except when he doesn’t. This year, today, April 17th, is Tax Day. And last year, in 2011, it was April 18th. What causes this variation in the tax filing deadline? And why is Tax Day April 15th (ish) anyway? Read on for answers to all of your tax questions (that don’t actually relate to your taxes).

Bryan Cave Recognized as #2 in Client Service

December 15, 2011

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Bryan Cave has been ranked number 2 out of approximately 650 law firms which serve Fortune 1000 companies, in BTI Consulting Group’s annual “Client Service A-Team.” BTI’s annual survey of law firm client service performance is designed to identify and recognize those firms which deliver best-in-class service. This marks the 4th consecutive year in which Bryan Cave has been included in the top 30 firms in the survey. “The results of this independent survey are a very important confirmation of our emphasis on client relationships and service,” said Don Lents, Chair of Bryan Cave LLP.   Read More.

Tax Patents Banned

Tax Patents Banned

October 7, 2011

Authored by: Kathy Sherby and Stephanie Moll

Under the American Invents Act passed by Congress on September 8 of this year and signed into law by President Obama, among the many patent reforms is a ban on patenting any strategy for reducing, avoiding, or deferring tax liability, whether known or unknown at the time of the alleged invention or patent application (with certain limited exclusions related to software technology).  This type of patent application will no longer be able to be filed or prosecuted with the U.S. Patent and Trademark Office.

In essence, this legislation stated that tax strategies are indistinguishable from prior strategies and therefore cannot be patented as a novel or non-obvious invention.

It is important to note that this legislation does not invalidate any patents that have already been issued by the U.S. Patent and Trademark Office, which continued to issue such patents as late as the week immediately prior to the passage of

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