Month: February 2023
Eighteen Kemp Klein Attorneys Recognized by U.S. News Best Lawyers in America
William B. Acker – Litigation and Controversy – Tax, Real Estate Law, Tax Law, and Trusts & Estates
C. Leslie Banas – Corporate Law and Real Estate Law
Cynthia E. Brazzil – Corporate Law
Richard C. Bruder – Closely Held Companies and Family Businesses Law
Joseph P. Buttiglieri – Litigation – Trusts & Estates
Ralph A. Castelli, Jr. – Corporate Law and Real Estate Law
Mark R. Filipp – Litigation – Labor and Employment
Brian R. Jenney – Elder Law and Trusts & Estates
David D. Marsh – Real Estate Law
Alan A. May – Litigation – Trusts & Estates and Trusts & Estates
Norman D. Orr – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law and Corporate Law
Thomas C. Rauch – Real Estate Law
Brian H. Rolfe – Commercial Litigation
Stuart Sinai – Securities Regulation
Amy A. Stawski – Family Law
Thomas V. Trainer – Elder Law and Trusts & Estates
Michael D. Umphrey – Business Organizations (including LLCs and Partnerships) and Trusts & Estates
Robert S. Zawideh – Arbitration and Litigation – Trusts & Estates
Neal Nusholtz Featured on the Institute of Continuing Legal Education’s Website
Kemp Klein Attorney Neal Nusholtz was featured on the Institute of Continuing Legal Education’s website for his expertise in Tax Law.
Tax Law Basics for Probate and Estate Planning Attorneys
Help build your estate planning practice by mastering key tax law concepts. Our expert explains the unified credit, unlimited marital deduction, general powers of appointment, disclaimers, and more.
Neal Nusholtz explains the unified credit:
“Unified Credit is a dollar amount that determines if you pay estate and gift taxes. It’s used for both and any amount of gifts that are made will reduce the remaining amount of the unified credits. For example, If the unified credits were ten million dollars and you made a million dollars of gifts your remaining unified credit would be nine million dollars. It’s the number over which you pay over 40% estate or gift tax if you exceed that number”.
Mr. Nusholtz’s seminar Tax Law Basics for Probate and Estate Planning Attorneys can be viewed via the following link: https://www.icle.org/modules/seminars/video.aspx?ID=1_vmhdxuap&SEQN=702
The Debt Ceiling Fight Can Affect the Outcome of Future Court Decisions in Federal Tax Cases
-Published in Steve Leimberg’s Financial Products Planning email Newsletter, Archive Message #238, February 23, 2023
Clawing Back Nonprobate Transfers to Satisfy Allowances and Claims – An Important Role for Estate Planners
-Published in Michigan Probate & Estate Planning, Winter, 2022