Howard Vigderman
Visit Attorney ProfileSenator Sanders Introduces “99.5% Act” Which Would Increase Estate Taxes and Overhaul Estate Planning
Senator Bernie Sanders has introduced in the Senate what he calls the “99.5% Act” (the “Act”). For individuals dying and gifts made after December 31, 2021, the Act would substantially increase the federal estate tax by reducing the federal estate tax exemption from $11,700,000 to… Read More
Montgomery County Office of Public Health Makes COVID-19 Vaccinations Available to Residents Over 65
As of January 12, 2021, the Montgomery County, Pennsylvania Office of Public Health is making COVID-19 vaccinations available to county residents who are over age 65. Included in the notice is a link for individuals who are eligible to pre-register for the vaccine.
Keep, Scan, Recycle or Shred? A Practical Guide to Reducing Clutter for Those “Working From Home” During the COVID-19 Pandemic
Ok, so you’ve streamed everything you’ve had on your “to watch” list. You’re caught up on your reading. You figure you’ll do the deep clean you’ve always dreamed of and have just finished the attic and even under the kitchen sink. Your hangers and paper… Read More
Estate Planning Considerations During the Coronavirus (COVID-19) Pandemic
The coronavirus pandemic has directed our attention to a variety of issues such as hand-washing, social distancing, doorknob avoidance, working or attending class remotely, childcare and care for the elderly … but not so much to estate planning. That is, no doubt, a good thing.… Read More
Thanks to the SECURE Act, Your IRA Has Really Lost Its Stretch!
At the end of December 2019, Congress passed and the President signed into law the Setting Every Community Up for Retirement Enhancement Act, known as the SECURE Act. The Act is effective for IRAs, Roth IRAs and most 401(k) and 403(b) accounts (collectively “IRAs”) of… Read More
Charitable Pledge Binding Upon Corporate Donor
Prior to May 29, 2015, Foremost Industries (“Foremost”) signed a “Gift Agreement” promising to pay to Appalachian Bible College (“ABC”) the sum of $4,000,000 in five equal annual installments. The Agreement was binding upon Foremost and its successors and assigns. The Agreement stated that in… Read More
Estate and Gift Tax Planning Opportunities Under the Tax Cuts and Jobs Act
In my January 12, 2018 blog, in which I addressed the Tax Cuts and Jobs Act[1] which became effective January 1, 2018, I reviewed some of the changes affecting the federal estate and gift tax – primarily the doubling of the exemption to $11,180,000 per… Read More
Estate and Gift Tax Consequences of the Tax Cuts and Jobs Act
On December 22, 2017 President Trump signed the Tax Cuts and Jobs Act which became effective January 1, 2018, although many of its provisions will sunset on December 31, 2025. Most of the changes under the Act affect the federal corporate and personal income tax,… Read More
Is a Federal Income Tax Deduction Available for 2018 Real Property Taxes Paid Before December 31, 2017?
Under the Tax Cuts and Jobs Act the standard deduction has been doubled to $12,000 for single individuals and married individuals who file separately and to $24,000 for married couples who file jointly. As a result, many individuals who will itemize on their 2017 federal… Read More
Seeking to Repeal the Federal Estate Tax – The Sequel
In 2001 President George W. Bush tried to repeal the federal estate tax. He was successful — but only for one year, 2010. Then during the administration of President Obama the federal estate tax returned. Under the new estate tax law the rate of tax… Read More