Reduced speed sign placed on the highway to basis hell

Slow Down Concept.

This morning, August 21, 2015, the IRS issued Notice 2015-57, extending until February 29, 2016, the due date for any basis report required by new Section 6035 of the Internal Revenue Code that is due before February 29, 2016. In an earlier blog we discussed the new obligations imposed upon executors under the Highway BillRead More

Highway to basis hell

3D illustration of Estate planning concept

The recently enacted stop-gap Highway Bill opened up a pothole in the estate administration path of executors for many estates. What does building highways have to do with estate administration? Nothing at all. But bill scorers in Washington D.C. deemed that including provisions in the Surface Transportation and Veterans Health Care Choice Improvement Act ofRead More

Alabama’s new ABLE Act accounts

Ability Not Disability

On June 30, 2015, I watched with pleasure as Governor Robert Bentley signed the bill to turn Alabama’s Achieving a Better Life Experience (ABLE) Act into law. The ABLE Act allows a savings account to be established for an individual who became disabled prior to age 26. For individuals with disabilities who receive Supplemental SecurityRead More

2015 Tax Law updates

Papers with inheritance tax.

The first part of 2015 has been busy with proposed changes to the current tax law. Many of the proposals if enacted would directly impact and alter the taxation of wealth transfers under current law. The proposed changes include the President’s plan to treat death as a recognition event for income taxes, various modifications toRead More

The Voice: A Wakeup Call for Professional Trustees and Parents

Special Needs Alliance (SNA) is a nationwide non-profit educational organization for attorneys who have advanced knowledge and experience in laws affecting persons with disabilities. Sirote & Permutt, P.C. shareholder Katherine Barr is proud to be the first Alabama attorney selected for membership in The Special Needs Alliance. She directs the publication of The Voice toRead More

Supreme Court same sex marriage ruling impacts estate planning


On June 26, 2015, in a landmark decision, the United States Supreme Court ruled (5-4) that the Fourteenth Amendment to the U.S. Constitution requires a State to license a mar­riage between two people of the same sex and to recognize a marriage between two people of the same sex when their marriage was lawful­ly licensedRead More

The Voice: The ABLE Act – A new tool for special needs planning

Golden Piggy Bank

The Voice is the e-mail newsletter of The Special Needs Alliance. This installment of the Voice was written by Robert B. Fleming. Robert is a partner in Fleming & Curti, PLC, a Tucson law firm focusing on special needs planning, trust administration, guardianship/conservatorship and estate planning. He is a Fellow of the American College of TrustRead More

The Voice: Bullying of the special needs child and what parents can do

stop bullying no harassment or threat at school or at work stopp

The Voice is the e-mail newsletter of The Special Needs Alliance. This installment was written by Special Needs Alliance member Amy C. O’Hara and her co-author, Marion Walsh.   Amy is a partner with the New York law firm Littman Krooks LLP, specializing in special needs planning, guardianships, elder law, estate planning and administration, and personalRead More