Stites On Estates

Estate, Trust, and Tax Planning
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. Normally one would not think that a change to "audit rules" would...
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 Piketty might think was rather low.In that sort...
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 - ranging from California water shortages and student loan debt...
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-driven imperatives for using trusts to hold inheritances, non-tax applications...
by Stites & Harbison, PLLC August 09, 2015