| HEADLINES
ESTATE
TALK
Avoid Estate Taxation of Appreciation with
Offshore Asset Protection Trusts
Most people have heard of
offshore trusts and understand that they can be effective asset-protection
tools, but many do not realize that offshore trusts can also generate estate
tax savings.
LEGAL LINES
$205,000 in "Gifts" Drawn From Joint Account Includible
in Gross Estate
The Tax Court recently ruled
that $205,000 in checks drawn on a joint bank account by a woman's children
shortly before her death were not valid gifts and must be included in her
gross estate.
MEDI-MINUTES
Budget Includes $35 Billion Increase
Healthcare providers’ futures
brightened a bit when Congress passed the budget for the 2001 fiscal year,
which includes $35 billion in additional Medicare and Medicaid reimbursements
over the next five years.
Estrogen to be Added to List of Known Carcinogens
An expert advisory panel
has recommended to the federal government that steroidal estrogens be listed
as a "known" cause of cancer in humans in a future Report on Carcinogens. |
Top
Site
Of
The
Week:
American
Law Sources Online
Book
Of
The
Week:
 Plan
Your Estate:
Absolutely
Everything You Need to Know to Protect Your Loved Ones
NATIONAL
NOTES
DOJ and HCA Settle for $840 Million
The Healthcare Company (HCA),
the largest for-profit hospital chain in the nation, has finally reached
an agreement with the Department of Justice (DOJ) to settle charges of
Medicare and Medicaid fraud.
TAX TID-BITS
IRS Issues Proposed Regs for Trusts as Part
of Estate
The IRS has issued proposed
regulations that relate to the election to treat revocable trusts as part
of an estate.
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DECember
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