The federal estate and gift tax exemption is the highest it has ever been. Under current law, you may transfer almost $14 million to anyone you wish without having to pay a dime of federal gift or estate tax. Absent any...more
10/25/2024
/ Clawbacks ,
Deadlines ,
Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Gift Tax ,
Gift-Tax Exemption ,
Income Taxes ,
IRS ,
Tax Exemptions ,
Tax Planning
As we near the end of 2024, this is the perfect time to reexamine your tax and estate planning action items. There are plenty to address, and it’s wise to do so sooner rather than later. In reviewing year-end estate planning...more
With the end of the year just around the corner, it’s a good time to reassess plans and action-items. When reviewing your year-end estate planning or business transition concerns, there are several things to contemplate and...more
As we enter the final quarter of 2021, there are many things still to do and plan for before the end of the year. There are also some timing considerations given proposed legislative changes and the lead time needed to...more
9/27/2021
/ CARES Act ,
Charitable Donations ,
Estate Planning ,
Gift Tax ,
Income Taxes ,
Paycheck Protection Program (PPP) ,
Tax Planning ,
Taxation ,
Transition Tax ,
Valuation ,
Year-End Tax Planning
House Democrats recently released additional legislative proposals that, if passed, would affect several commonly used estate planning techniques. Among those proposals are three that would significantly impact some of the...more
9/17/2021
/ Estate Planning ,
Estate Tax ,
Gift Tax ,
Gift-Tax Exemption ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Grantors ,
Income Taxes ,
Legislative Agendas ,
Proposed Legislation ,
Tax Deductions ,
Tax Exemptions ,
Trustees ,
Trusts
COVID-19 has raised questions for many regarding whether their estate plans are current. If you already have an estate plan, here are some immediate steps you can take to make sure everything is in order...more