Friday, January 17, 2014
Stephanie E. Heilborn & Michelle Schwartz (Fulbright & Jaworski LLP) recently published an article entitled, Estate Planning for Real Estate Investors in 2014: The Medicare Tax and More, Probate & Property Vol. 28 No. 1 (January/February 2014). Provided below is the beginning of their article:
The Medicate Tax is a hot topic this year for high net worth clients, many of whom earn most of income from investments instead of salary or an operating business. Although the Medicare Tax places an additional burden on individuals and trusts, potential tax savings are available to individuals or trusts with significant real estate investments. This article explores how to obtain the potential tax savings and describes how the Medicare Tax interacts with other commonly used estate planning techniques for clients who own a real estate business.