Stites On Estates

Estate, Trust, and Tax Planning

Stites On Estates

What to Do with an Estate with Foreign Assets (Even that “Little” Bank Account in Europe)

This article regards estates of decedents who owned foreign assets and the tax and reporting requirements. Many people are quite shocked to learn about the r...

by Stites & Harbison, PLLC March 14, 2016

Stites On Estates

Estate Planning With Partnerships: Important New Considerations

Two recent acts of Congress (including the rather interestingly named Protection of Americans from Tax Hikes Act) created new audit rules for partnerships. N...

by Stites & Harbison, PLLC February 15, 2016

Stites On Estates

Designing Trusts for a Surviving Spouse's Remarriage

In the 90s, when the Internet was new and Bill Clinton still had more tomorrows than yesterdays, the estate tax exemption was $600,000, an amount even Thomas...

by Stites & Harbison, PLLC August 22, 2015

Stites On Estates

Designing Incentive Trusts: Adam Smith and The Wealth of Beneficiaries

Certainly one of Adam Smith's core insights in The Wealth of Nations was that incentives matter.I believe examples are everywhere about how Smith was correct...

by Stites & Harbison, PLLC August 15, 2015

Stites On Estates

Design Factors for Your Family's Trust

These are interesting years in estate planning for families in the Upper Middle and Lower Upper Classes.As a high estate tax exemption has reduced the tax-dr...

by Stites & Harbison, PLLC August 09, 2015