Estate Tax Impact of Life Insurance Required by Divorce

See summary table here.

Recent News

19 Jul 2020

Applicable Federal Rates – August 2020

For the applicable federal rates for the above month, preceding months, and a data table that visually shows trends. . .

17 Jul 2020

Jenna Rubin appears on Wealth and Law Podcast

Jenna Rubin joined Brent Nelson and Rachel Sass to talk about electronic wills, differences between the Arizona and Florida electronic will statutes, how these wills work, the current limitations of electronic wills, and to prognosticate about electronic wills’ future.

Episode 8: Electronic Wills

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15 Jul 2020

Jenna Rubin presents at ABA Webinar

On July 15, 2020, Jenna Rubin presented to the American Bar Association, Real Property Trust and Estate, Litigation and Ethics Malpractice Committee on Meditations in the COVID-19 World.

05 Jul 2020

FBAR NON-WILLFUL PENALTY NOT CALCULATED BASED ON NUMBER OF ACCOUNTS

The FBAR rules require the filing of a FinCEN Report 114, Report of Foreign Bank and Financial Accounts (FBAR) to report for accounts of U.S. persons aggregating $10,000 or more. For a non-willful failure to disclose, the maximum penalty imposed is $10,000.

Since one FBAR is used to report multiple accounts, a basic question is whether the non-willful failure to report several accounts gives rise to only one $10,000 penalty (based on one return), or $10,000 multiplied by the number of unreported accounts. This can make a big difference . . .

30 Jun 2020

Applicable Federal Rates – July 2020

For the applicable federal rates for the above month, preceding months, and a data table that visually shows trends. . .

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