Hoffman & Associates

Attorneys-At-Law, L.L.C. 


Edition 1
June, 2012
In This Issue
Letter from Mike
Why a CLAT in this Economy
Avoiding Taxes with a GRAT
Update from Mike

On January 1, 2013 (just 6 months from now), the estate tax and the gift tax exclusion is scheduled to be reduced from $5,120,000 to $1,000,000 per person. That's a decrease in the amount of property excluded from gift and estate tax of over 80%. We are looking at an increase in the estate tax rates from 35% to 55%, an increase of over 57%.Read more....

Quick Links


Did you know there is still time to take advantage of the generous exemptions and gifting  0pportunities  presented to us by the Federal Government in 2010? Inside this June  edition you will find a letter from Mike, President of Hoffman & Associates,  information on how the current economic conditions have presented intriguing options for a CLAT, and information on the benefits of a GRAT and how a gift transfer in excess of $5,120,000 can still avoid taxes.  
Why a CLAT in this Economy?
Current economic conditions have presented intriguing options for charitably oriented individuals looking to transfer wealth tax free. A Charitable Lead Annuity Trust (CLAT) is an alternative trust structure that transfers wealth free of gift tax to an heir and a charity. Read more....
Avoiding Taxes with a GRAT


Scheduled changes in the tax code have created a window of opportunity for transferring wealth, but this window is poised to shut January 1, 2013. One of the areas with the largest potential savings is the gift tax arena. Read more...
NOTE: This is a promotional communication dealing with general legal, business,  and tax topics of interest for a broad range of readers. It is not legal or tax advice that readers may rely as a recommendation or advice for their particular situation. You are welcome to print or e-mail this newsletter for other readers.