When you are planning your estate, you may be concerned about the estate tax and the impact it can have on your legacy. Fortunately, it will not apply to most estates because there is an exclusion … [Read more...] about How Do You Reduce Estate Tax Exposure?
We often get questions from clients about the way that an individual retirement account can fit into your estate plan. In this post, we will share some news about the required minimum distributions … [Read more...] about 2022 IRA RMDs Have Beed Reduced
Each year, there are potential changes to the estate tax and gift tax exclusions to account for inflation. There have been increases in the estate tax exclusion over recent years, but the annual gift … [Read more...] about 2022 Estate and Gift Tax Exclusions Will Rise
There are a couple potential changes in the tax laws on the table right now, and one of them is the step-up in basis that applies to inherited appreciated assets. We will explain this scenario first, … [Read more...] about Stepped-Up Basis Is Under Siege
Estate planning attorneys emphasize the fact that estate plan revisions are probably going to be necessary over the years. Evolving circumstances in your own life can make updates necessary, and there … [Read more...] about Pending Legislation Would Expand Estate Tax
We have been experiencing a housing boom the United States over recent years. Values have gone through the roof in some areas, and this will definitely put a smile on your face if you are a homeowner … [Read more...] about Rising Home Values Can Have Estate Tax Implications
A survey was conducted recently to gauge the estate planning preparedness of American adults, and most of the people that responded did not have estate plans in place. Many of them said that they were … [Read more...] about Answer These Inheritance Planning Questions
The federal estate tax and the gift tax are significant factors for many individuals. There are misconceptions out there, and as a response we would like to provide the answers to five of the more … [Read more...] about Five Frequently Asked Gift & Estate Tax Questions
When you are engaged in the process of estate planning you should inventory your assets for a number of different reasons. One of these would be to determine whether or not you have any federal estate … [Read more...] about What Is the Unlimited Marital Estate Tax Deduction?
As a person with significant financial resources, you need to consider estate tax efficiency and asset protection when you're planning your estate. If these are your objectives, you should consider … [Read more...] about Family Limited Partnership: Asset Protection, Tax Savings