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  • Posts by John Lueken
    Partner

    John is Chair of the firm's Estate Planning Department. He also leads the firm's Senior Partner Committee, and is a member of the firm's Finance Committee. John, a former Certified Public Accountant, began his career in the tax ...

Posted in Estate Planning

In Private Letter Ruling 201737008, issued by the IRS on September 15, 2017, the Service gave retroactive tax effect to a court modification of the power of appointment held by the donor’s spouse over the donor’s trust.  Based on the retroactive County Court modification in this ruling, the surviving spouse’s power of appointment over the trust was held to be a special power of appointment for tax purposes from the trust’s inception, thereby avoiding estate taxation on the trust assets in the taxable estate of the spouse at her later death. 

Posted in Estate Planning

With the incoming Trump administration having a Republican majority in Congress, one can expect attempts at significant tax reform. Among these reform efforts is a push to repeal the federal estate tax. While unexpected, the effort appears to have momentum.

In late January 2017, Senator John Thune and Representative Kristi Noem, both from South Dakota, introduced substantially ...

Posted in Estate Planning

The end of each year inevitably brings a flurry of activity for everyone. But amid the hustle and bustle, don’t forget to take advantage of the current tax breaks offered under estate and gift planning laws. If you miss these opportunities, they may not present themselves again!

Posted in Estate Planning

Some years ago, I represented family members in a dispute over a tax payment clause contained in a will. The will was prepared by a lawyer who did not take into consideration the disastrous ramifications that can occur if care is not taken with respect to payment of estate and inheritance taxes in an estate plan.

The decedent was in a same sex relationship with his longtime life partner. In ...

Posted in Estate Planning

In the new Legal Forum Column, John S. Lueken discussed several benefits of estate planning with a GRAT. Read his advice below and don’t miss our monthly Legal Forum Column in Louisville Business First.

Posted in Estate Planning

The generational transfer of wealth is a complex issue facing many high net worth individuals that requires meticulous planning and the balancing of competing interests. On one hand, wealthy individuals desire to protect their wealth and reduce transfer taxes to the greatest degree possible. On the other, these same individuals are understandably reluctant to cede present control ...

Posted in Estate Planning

The end of each year inevitably brings a flurry of activity for everyone. But in the midst of the hustle and bustle, don’t forget to take advantage of the current tax breaks offered under estate and gift planning laws.

Posted in Estate Planning

If you are in the honeymoon phase of business ownership, you don’t want to think about the possibility of your perfect partnership fizzling in the future for reasons unknown. But protecting yourself and your family’s business interests through a buy-sell agreement is simply the smart thing to do.

Likewise, if you are eyeing retirement, you need to plan so that your business not only ...

Posted in Estate Planning

In this month’s Louisville Business First Legal Forum Column, BGD partner John S. Lueken discusses the legal necessity of buy-sell agreements to protect the interests of business owners. Read his advice below:

The end of each year inevitably brings a flurry of activity for everyone. But in the midst of the hustle and bustle, don’t forget to take advantage of the current tax breaks offered under estate and gift planning laws. If you miss these opportunities, they may not present themselves again!

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