David M. Frees, III Phone: 610-933-8069
120 Gay St, Phoenixville, PA 19460 		Douglas L. Kaune

Posts Tagged ‘paoli pa estate planning lawyer’

Estate Tax Reform 2010: Modified Step-Up In Tax Basis For Capital Gains

Wednesday, April 14th, 2010

Douglas Kaune, Estate Attorney

Douglas Kaune, Estate Attorney

As we have discussed frequently, the Federal Estate Tax system is in a state of change in 2010. Frequently lost in the discussion of revocation of the Federal Estate Tax is the new Modified Step-Up In Tax Basis for Capital Gains. Prior to January 1, 2010 all capital appreciation assets owned by a decedent at the time of his or her death received a full step-up in basis. The new basis for those assets was the value on the date of death. Therefore, no capital gains had to be paid by the beneficiaries unless the inherited assets were sold for an amount in excess of the date of death value. The new law is much less forgiving and can open estate beneficiaries to a significant capital gains tax that was not previously a concern. Read about the 2010 federal estate tax and modified/partial step-up in tax basis rules by clicking the link here. Your estate planning should now include a comprehensive look at your capital appreciation assets to help insure the maximum capital gains tax protection for you and your beneficiaries.

Please fcontact Douglas L. Kaune, Esq. any time at 610-933-8069 or dkaune@utbf.com to discuss the appropriate planning to help protect your estate and the beneficiaries from a significant capital gains tax that might now apply.

Wills * Trusts * Elder Law * Probate * Asset Protection * Power of Attorney * Estate Planning
Unruh, Turner, Burke & Frees, P.C. is a full service law firm with offices in Malvern, Phoenixville and West Chester Pennsylvania (PA) also serving surrounding areas such as Newtown Square, Wayne, Media, Paoli, Valley Forge, Exton, Chadds Ford, Counties Served: Chester County, Montgomery County, Delaware County, Bucks County, Berks County, Philadelphia County Pennsylvania (PA).

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Posted in Estate Planning, Estate Tax Planning, Estate tax, Estates, Tax News, Uncategorized, death tax reform | No Comments »

Caution: Federal Estate Tax Will Apply To Non Resident Aliens

Wednesday, February 17th, 2010

Douglas Kaune, Estate Tax Attorney

Douglas Kaune, Estate Tax Attorney

Federal Estate Tax Will Apply To Non Resident Aliens. It is very important for Non Resident Aliens owning assets in the United State (U.S.) to know that their U.S. assets will likely be subject to a U.S. Federal Estate Tax. Many people think they have to take up residency in the United States for the Federal Estate Tax to apply. Read here for some of the details on this tax. The estate of a Non Resident Alien holding U.S. based assets at death will have to file I.R.S. form 706-NA.

Please feel free to contact Douglas L. Kaune, Esq. any time at 610-933-8069 or dkaune@utbf.com to discuss estate tax planning for non-U.S. citizens and important steps to take to protect your assets from the estate tax.

Wills * Trusts * Elder Law * Probate * Asset Protection * Power of Attorney * Estate Planning
Malvern, Phoenixville, West Chester Offices serving Collegeville, Royersford, King of Prussia, Berwyn, Wayne, Newtown Square, Media, Paoli, Frazier, Chester Springs, Spring City, Valley Forge, Kennett Square, Exton, Lionville, Downingtown, Chadds Ford, Norristown, Devon, Radnor, Chester County, Montgomery County, Delaware County, Bucks County, Berks County, Philadelphia County Pennsylvania (PA).

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Posted in Estate Planning, Estate Tax Planning, Estate tax, Uncategorized | 1 Comment »