Dominick Feld Hyde Newsletter - Oct/Nov 2016

DFH Law | Newsletter

 

Keeping in Touch

October / November 2016

      Who We Are
 
 
 
 
 
 
   What We Do
 
 
 
 
 
 
 
     Contact Us
 

 

Dominick Feld Hyde in the News

Seven Dominick Feld Hyde attorneys were recently named as "2016 Mid-South Super Lawyers" This publication recognizes exceptional attorneys in four states: Alabama, Arkansas, Mississippi and Tennessee. For a copy of the list please follow this link. The attorneys recognized and their respective areas are as follows:


William J. Bryant - Tax
Susan Doughton - Health Law
Louis B. Feld - Estate Planning & Probate
Gregory D. Hyde - Estate Planning & Probate
Douglas L. McWhorter - Estate Planning & Probate
Dale B. Stone - Estate Planning & Probate
Brian T. Williams - Estate & Trust Litigation

Kay Wilburn recently served on a panel addressing the topic, “Empowering Women through Estate Planning,” at Lincoln Financial’s Women’s Symposium on September 28th at the Birmingham Botanical Gardens.

Dominick Feld Hyde would like to welcome our newest associate Madison A. Morrow. Madison attended Vanderbilt University and graduated with a B.A. degree in English Literature. She then attended Wake Forest University School of Law where she was an Articles Editor on the Wake Forest Law Review and graduated cum laude with a J.D. degree in 2016. Madison has joined the firm’s Corporate and Estate Planning practice groups.

 
 
 
 
 
 
Our Current Articles
 
Do you need to file a gift or estate tax return?
 
If one has made substantial gifts to loved ones, or is the executor of someone’s estate, it is important to understand the rules surrounding gift and estate tax returns. Determining whether one needs to file a return can be confusing, and in some cases it is advisable to file a return even if it is not required. This article explains the rules of filing a gift or estate tax return.
 
 
 
 
 
 
Of sound mind
Take steps now to minimize the chance of a contested will after death
 
Regardless of how harmonious a family may be during one's life, there is always a chance that a disgruntled family member may challenge an estate plan after the estate owner's death. This article defines "undue influence" and details steps to take to avoid undue influence claims.
 
 
 
 
Asset Protection: Preserving wealth for yourself and your heirs.
 
There are many techniques available to protect one’s assets, from giving them to loved ones to placing them in offshore trusts. Regardless of what strategy is used, the key is to start planning now. The earlier one implements asset protection, the more effective it will be. This article discusses risk assessment and reviews both basic and sophisticated asset protection strategies, while a sidebar cautions against violating fraudulent transfer laws.
 
 
 
 
Estate Planning Red Flag
You have not substantiated your charitable gifts
 
As the end of the year approaches, many people’s thoughts turn to charity. To avoid losing valuable charitable deductions, it is important to become familiar with substantiation requirements. This brief article details how to substantiate contributions of various dollar amounts.
 
 
 
 
Owner-employees face distinctive tax planning challenges
 
Many small businesses begin with owner-employees running the show from the front lines. Often the owner-employee will remain in that role, working with their staff members to grow and direct the business for years to come. Come tax time, however, owner-employees face a variety of distinctive tax planning challenges.
 
 
 
 
 

  
Dominick Feld Hyde's practice areas have grown and now comprise nine broad categories: Business, Estates, Family Law, Healthcare and Tax. Within these areas, our attorneys have experience in a wide range of specialized legal services.
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 

1130 22nd Street South Ridge Park Suite 4000 Birmingham, AL 35205

205.536.8888 

www.dfhlaw.com

This publication is distributed with the understanding that the author, publisher and distributor are not rendering legal, accounting or other professional advice or opinions on specific facts or matters, and accordingly assume no liability whatsoever in connection with its use

© 2016