The Internal Revenue Service recently announced increased transfer tax exclusions for calendar year 2024 as part of Revenue Procedure 2023-34. The significant increases in the unified credit against estate, gift and...more
Leveraging QPRTs in a High Interest Rate Environment -
A Qualified Personal Residence Trust, or “QPRT” is a planning strategy specifically authorized in the Internal Revenue Code that allows an individual to remove a...more
NGE Private Wealth Services partner Eric Mann discusses why estate planning clients might use a grantor retained annuity trust (GRAT) to minimize taxes on large financial gifts to family members.
If you have any questions,...more