PRACTICE AREAS
OUR PHILOSOPHY
At Katz Baskies we are dedicated to providing premier legal service to clients engaged in private wealth creation, preservation, management and transfer, for themselves, their families, and the community.
Our practice areas include the broad scope of income tax planning, sophisticated wealth transfer planning (including gift and estate tax planning), estate and trust administration, prenuptial and postnuptial agreements, and documentation of corporate and partnership transactions applicable to entrepreneurs.
NEWS OF INTEREST
Katz Baskies LLC Handles Recent M & A TransactionsKatz Baskies LLC recently represented XN Insurance in the sale of its assets and also represented the acquirer of the stock of Waveguide Communications, Inc.
Super Committee Failed to Propose Gift Tax Exemption Reduction But Members of Congress Still Seeking ChangesAlthough the rumored November 23 reduction in the federal gift tax exemption obviously never occured, a new bill was proposed in Congress to significantly alter the estate, gift and generation-skipping transfer ("GST") tax rules. Clients investigating opportunities to utilize their new $5 million gift tax exemption should consider acting soon.
Rumors Abound Regarding Fate of Gift Tax ExemptionRumors of a November 23 roll back of the federal gift tax exemption may be an "urban legend"; however, they provide an important reminder to those considering using part or all of the "new" $5 million gift tax exemption. The time to act is now.