Senate Version of Tax Bill Aims to Raise Tax Revenues from First-In, First-Out Share Sales

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Wilmington Wire
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December 5, 2017— The Senate tax bill contains a provision that would force individual investors to use first-in-first-out (FIFO) tax treatment for sales of the shares of most stocks.  Markets have risen substantially in recent years, making management of taxable gains an important consideration in delivering after-tax returns to investors.

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New York’s Latest Legislative Session: What Passed, What Didn’t, What’s Next

Sharon L. Klein |
Wealth Planning

Learn about what passed and what didn’t in New York’s 2019- 2020 legislative session with an overview of important new legislation, executive orders and pending proposals, and a dramatic reminder of existing law, including: Sweeping new legislation regarding assisted reproduction.How any New York source income can subject a New York resident trust to taxation on all its income.A proposal to implement a new pied- à-terre tax on non-primary NYC residences.

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Top Ten Reasons to have your Trust Administered in Delaware

Wealth Planning

Delaware enjoys international renown for its trust and tax law advantages and its innovative estate planning vehicles.  Delaware has a well thought-out body of trust laws; a supportive legislature, executive branch, and legal and banking community; and many institutions that compete for trust business.Benefits of having a trust in Delaware include tax advantages, creditor protection, flexible distribution rules, and others.

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