Issue: Whether life insurance proceeds received by a corporation to fund redemption obligation should be considered in valuing a company. Held: Company’s contractual redemption obligation does not necessarily reduce the value of the company for federal estate tax purposes. Background: Brothers Michael and Thomas were the sole shareholders in Crown C Supply (the “Company”),…
POSTED IN: News, Trusts & Estates
RIW attorneys Adam Gutbezahl and Sarah Melia recently co-presented a program on “ChatGPT & Generative AI in Estate Planning” for the National Business Institute. The program discussed how generative AI applies to estate planning, from AI assisted drafting and application to client communications. Sarah discussed how reliable (or unreliable) generative AI platforms like ChatGPT can…
POSTED IN: Employment Law, Events, Trusts & Estates
Celine Ramsingh recently joined RIW as a paralegal in the Trusts & Estates practice. In her role, Celine works closely with the firm’s Trusts & Estates attorneys, providing support to clients navigating estate plans, estate administration, probate matters and corporate and real estate issues. Learn more about her in this Q&A. Why did you become…
POSTED IN: News, Trusts & Estates
Ruberto, Israel & Weiner is excited to welcome Celine Ramsingh as a paralegal to the firm’s Trusts and Estates team. Celine brings more than eight years of experience and a strong skill set in trusts and estates, corporate and real estate matters for high-net-worth clients and companies, enhancing the firm’s capabilities in these areas. In…
POSTED IN: News, Trusts & Estates
On October 4, 2023, Governor Maura Healey ratified Bill H. 4104, doubling the Massachusetts estate tax exemption amount from $1 million to $2 million. Unlike the prior Massachusetts estate tax law, which imposed estate tax on the entire estate (not just the excess over $1 million), the new law taxes only the amount exceeding $2…
POSTED IN: Articles & Quotes, Trusts & Estates
RIW is pleased to announce that Thomas P. O’Neill, III has joined the firm as an associate in the Trusts & Estates Practice Group and Corporate & Business Department. Thomas P. O’Neill, III concentrates his practice on estate planning and the administration of trusts and estates. Tom represents trustees, fiduciaries, and beneficiaries in all phases of trust and estate settlement,…
POSTED IN: Corporate & Business, News, Trusts & Estates
RIW is pleased to announce that Rachel Wassel has joined the firm as a shareholder in the Trusts & Estates Practice Group. Rachel’s practice focuses on all aspects of estate planning as well as the administration of trusts and estates. She emphasizes a collaborative approach to estate planning and works closely with clients’ financial, legal and tax advisors. In…
POSTED IN: Corporate & Business, News, Trusts & Estates
RIW is pleased to announce that Sarah J. Melia has joined the firm as an associate in the Trusts & Estates Practice Group. Sarah’s practice focuses on all aspects of wealth transfer planning and minimizing estate and gift taxes. Sarah prepares fundamental documents to implement her clients’ wishes for the disposition of their assets and…
POSTED IN: News, Trusts & Estates
The following RIW Attorneys will be participating on panels at The Entrepreneurship Institute’s Presidents’ forum on November 15th: Deborah Pechet Quinan, Are you Taking Advantage of Wealth Planning Strategies Available to Business Owners? Dave Robinson, Building and Protecting Enterprise Value Bethany Grazio, 5 Factors that Contribute to Sustainable Growth More information or Register.
POSTED IN: Events, Trusts & Estates
May 2014 Volume III Issue II The Tax Advantages of Prepaying Tuition Expenses Many families’ children are in private schools, and the expense of a private education is soaring annually. If parents are paying this expense themselves, the usual debate is which item must give in the family budget, in order to make room for…
POSTED IN: Trusts & Estates
