Neal Nusholtz's
Tax Guidance
Under Internal Revenue Code (”IRC”) §1014, Inherited property has a basis equal to the property’s fair market value on the date of death. The double basis step up is the brass ring of estate planning. The term double basis step up means a basis step up in all marital property on the first death of a husband and wife and a second basis step up on the death of the surviving spouse.
Alan A. May's
Probate Law Case
Summaries
A fourth trustee was appointed after the first trustee embezzled most of the assets from the trust. Interested parties brought a petition to remove the fourth trustee.
Client Success Stories
Kemp Klein Attorneys Joseph P. Buttiglieri and Robert S. Zawideh secured a $4.2 million settlement in a will dispute on behalf of plaintiffs who had been disinherited. After contested litigation, the parties agreed to a 60/40 split, with 40% awarded to individuals excluded from the final will.
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