A strong stock market and “soft landing” have generated significant wealth this year. The gift tax, estate tax and generation-skipping transfer tax are all imposed on the fair market value of assets at the time of transfer....more
11/30/2023
/ Beneficiaries ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift Tax ,
Income Taxes ,
Individual Retirement Account (IRA) ,
IRS ,
Qualified Charitable Distributions ,
Required Minimum Distributions ,
Roth IRA ,
Tax Planning ,
Trusts ,
U.S. Treasury
According to Bloomberg, nearly 2,600 estates paid $18.4 billion in estate taxes in 2021, nearly double the amount paid to the IRS in 2020. Fortunately, periods of market volatility and uncertainty present estate planning...more
It has been said that you can predict anything but the future. So it is with estate and tax planning. That being said, let’s look to see what some of the tax law changes might be in 2021 and beyond....more
8/31/2020
/ AFR ,
Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Gift Tax ,
Gift-Tax Exemption ,
Grantor Retained Annuity Trusts (GRATs) ,
Intentionally Defective Grantor Trusts ,
IRS ,
SLAT ,
Tax Planning
While the safety of your family is of first priority, the current health and economic crisis caused by COVID-19 raises issues and presents estate planning opportunities for your consideration....more
This is the sixth issue in a planned series of alerts designed to provide an in-depth analysis on topics related to tax reform.
Like all new things, new years typically welcome many changes, opportunities and new...more
12/26/2017
/ Estate Tax ,
Generation-Skipping Transfer ,
Income Taxes ,
New Legislation ,
State and Local Government ,
State Taxes ,
Tax Deductions ,
Tax Planning ,
Tax Rates ,
Tax Reform ,
Transfer Taxes ,
Trump Administration