Attorney Robert J. Kolasa – Estate Planner, CPA & Former IRS Attorney

Legal Article: “The New Federal & Illinois Estate Tax Laws”
Publication: Lake County Bar Association, The Docket: March 2011
Author: Robert J. Kolasa, J.D, C.P.A., LL.M. (Tax)

An analysis of the estate tax provisions contained in the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. Until 2013, this Act generally freezes the federal estate and gift tax exclusions at $5 million and adopts the convention of estate tax portability.

2010 Tax Act Article.robert J. Kolasa March 2011.With Attached Table

Seminar Outline: “The 2010 Tax Act has (GULP!) Arrived”
Audience: Lake County Estate Planning Council – January 13, 2011
Speaker: Robert J. Kolasa, J.D, C.P.A., LL.M. (Tax)

The 2010 Tax Act Has (GULP!) Arrived

This is the PowerPoint outline used in my seminar before a local bar association on the estate planning challenges wrought by the Tax, Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. Until 2013, this Act generally freezes the federal estate and gift tax exclusions at $5 million and adopts the convention of estate tax portability.

Legal Article: “Drafting Trusts for Asset Protection”
Publication: Lake County Bar Association, The Docket, May 2006
Author: Robert J. Kolasa, J.D, C.P.A., LL.M. (Tax)

Drafting Trusts for Asset Protection

This is an article describing various asset protection techniques which can be incorporated by clients into their respective estate planning trusts. The article was based on my November 18, 2005 seminar before the Lake County Bar Association (Wills, Trust & Probate Commitee) on the same topic.

Legal Article: “The Illinois QTIP Election to the Rescue”
Publication: Illinois Bar Journal: December, 2009
Author: Robert J. Kolasa, J.D, C.P.A., LL.M. (Tax)

The Illinois QTIP Election to the Rescue

This is an article describing in detail the important adoption by the Illinois legislature of the “Illinois QTIP Election” for 2009 and future years. This estate planning technique permits optimal funding of the credit shelter trust for federal estate tax purposes, without incurring Illinois estate taxes in the estate of the first spouse to die. Technical complexities abound in implementation and administration of this technique.

Legal Article:  “How to Make Gifts to Reduce Illinois Estate Taxes”
Publcation: Illinois Bar Journal: November 2008, March 2009
Author: Robert J. Kolasa, J.D, C.P.A., LL.M. (Tax)

How to Make Gifts to Reduce Illinois Estate Taxes

This article describes how Illinois estate taxes can dramatically be saved by the making of gifts during the client’s lifetime.