New Reporting Requirements for LLCs, Corporations, and certain Trusts
If you are considering forming an LLC or Corporation, or if you already have ownership in one, you should be...
Giving Tuesday Tax Tips
Giving Tuesday is a popular time to make charitable contributions. Before contributing, do your due diligence. If you are making...
Thankful Beneficiaries
The best gift a beneficiary can receive is careful estate planning. It can be an impossible task to track down...
Gifting and Taxes Reminder
The current gift tax exclusion is $17,000 per person. If you are married, your spouse may also give $17,000 to...
It isn’t too early to plan to for the impending decrease in the estate tax exemption…
In 2017, the Tax Cuts and Jobs Act substantially increased the estate tax exemption. The estate tax exemption for 2024...
Pros and Cons of Charitable Remainder Trusts
Charitable remainder trusts (CRTs) can be useful vehicles when leaving significant assets to charity, while ensuring income to noncharitable beneficiaries...
Important Residency Considerations
If you are consistently spending time in multiple states or even countries, you should be aware that the number of...
Downfalls of the Ever-Popular Lady Bird Deed
The Lady Bird Deed is a very popular tool that essentially skips the probate process by adding one or more...
Business Succession Planning
Often neglected, planning for your business succession is a critical part of the estate planning process. Structuring your business to...
August is National Make-A-Will Month
It’s not too late. The National Make-A-Will Month initiative was designed to reduce the stigma around creating and maintaining estate...