The current tax numbers in effect for 2024 are below. The Applicable Exclusion Amount (AEA), also known as the Unified Credit, is the amount each person can have in their estate at death or give away during life without incurring any tax consequences. The 2017 Tax...
The Corporate Transparency Act (the “CTA”) requires Limited Liability Companies doing business in the United States to report information about the individuals who ultimately own or control these companies. Effective as of January 1, 2024, the U.S. Treasury...
It isn’t always easy to talk with loved ones about your estate plan or ask about what their estate plan entails. There can be many reasons for resistance: a desire for privacy with personal matters, a fear of conflict during the discussion, frustration over...
Did you know that National Estate Planning Awareness Week in October (17 – 23 in 2016) was adopted in 2008 as an outreach effort to help the estimated 120 million Americans who do not have a current effective plan in place for an unexpected illness, accident or...
An important question faced by many parents is "How Should I Pass Assets to My Children" when I am gone? Assets can pass in many creative ways to the next generation, so this overview is in no way a limitation on that, however, it outlines the three most common ways...
Estate Planning for a Blended Family: Part 1 of a 4 Part Series Addressing the Special Needs of Blended Families Questions that can Affect the Estate Plan of a Blended Family: A blended family means one or both of the partners have children from a prior relationship....