Question: I am a partner in a same-sex marriage now residing in Illinois with my spouse. What actions, if any, should I take in light of the recent case treating same-sex marriages the same as conventional marriages?
Question: In anticipation of legislative changes, I was advised to engage in various gifting and other tax planning transactions at the end of 2012 which I did not do. Now that the law has essentially remained the same, is there any immediacy to embark on such planning?
Question: As I derive a significant amount of my income from passive sources. I am concerned about the new investment income tax and the impact it may have on me. Are there any actions I can take to avoid or minimize this tax obligation?
Question: I have a significant balance in my employer’s 401(k) plan. Upon my upcoming retirement, I intend to roll over the funds in my employer’s plan to an individual retirement account (“IRA”) which will pass to my children upon my death. Will the assets in my IRA be exempt from my creditors during my lifetime and from my children’s creditors after my demise?
Question: I am the owner of an S corporation which is purchasing another business operated by an S corporation. I have been advised that I am better off for both tax and liability reasons structuring the transaction as a purchase of the assets of the target corporation rather than a purchase of the stock of the target corporation. However, the target corporation has some licenses and other assets which are not readily transferable making it more beneficial to acquire the target corporation’s stock. Are there any options available to me to avoid the consequences of a stock purchase?