Proposed changes to federal gun trust regulations are still in limbo. After a series of delays, it appears the Obama Administration's attempts to close the 'gun trust loophole' are postponed once again.
Tennessee ranks #3 nationally once again for DAPTs. Out of all the states our asset protection lawyers service (NC, FL, NY & TN), only Tennessee permits DAPTs.
To avoid postponing retirement, our tax lawyers provide three ways those retiring in Florida and across the nation can minimize tax during retirement.
Previously, New Yorkers receiving income from certain trusts were not taxed on the income. Now, New York income tax applies to income distributions from such trusts.
Some jurisdictions are proposing that gun owners have certain insurance. Another insurance-related issue is that property and auto insurance providers may deny coverage to gun owners due to liability concerns.
Effective April 1, 2014, the New York State estate tax exemption is $2,062,500. This is more than a 150% increase from the previous $1 million.