Tax News

Tax Cuts and Jobs Act Part III: Preserving a Property Tax Exemption

By Jennifer Cowan / April 4, 2018

Some of us are still grappling with the new tax act and its ramifications (hello tax preparers!). There has been a lot of confusion; some of this stemmed from the passage of the Tax Act so late in the year and just having so many versions of the bill in the news. It was hard…

Read More...

Tax Cuts and Jobs Act Part II: Amending a Bypass Trust

By Jennifer Cowan / February 15, 2018

Last month I began the year with a discussion of the new tax act: the estate tax exemption amount has doubled from 5.5 million dollars to 11 million dollars. Married couples may revisit their joint trusts that require a split of assets when the first spouse dies into an irrevocable “bypass trust” and a revocable…

Read More...

Tax Cuts and Jobs Act; Part I: Do you still need a Bypass Trust?

By Jennifer Cowan / January 8, 2018

As I’m sure most of you have heard, a new tax bill was signed into law at the end of 2017. There are numerous changes which I’ll touch on in the coming months. As always, this column does not constitute tax advise; consult your tax preparer about your particular situation. Of note to estate planners…

Read More...

May Flowers

By Jennifer Cowan / May 1, 2015

Last month I visited the De Young Museum’s annual spring show “Bouquets to Art.” The show pairs a local floral designer with a piece from the museum’s permanent collection. The designer creates a companion piece inspired by the original and the two pieces are displayed together. Every year I am delighted and amazed by the…

Read More...

Charitable Giving

By Jennifer Cowan / January 15, 2015

Happy New Year! It is January, time of new beginnings. In my small garden I already see hyacinths poking out of the ground. Have you made any resolutions yet? Why not think about what charities you would like to support this year, either through your efforts or monetarily. The IRS recently issued tax tips for…

Read More...

2013 Tax News

By Jennifer Cowan / May 1, 2014

It’s May! Hopefully everyone has survived the April 15th tax filing deadline. If you can stand it, here is a bit more tax news: 2013 was a year of big changes to the federal estate tax laws. There were changes to both the amount you can leave at your death free of estate tax and who is entitled to take…

Read More...