$860,000 – that is the amount of the increase in the gift, estate, and generation-skipping transfer (“GST”) tax exclusion that came into effect on January 1st when the exclusion increased from $12.06 million for 2022 to...more
It is said that two things are certain in life: death and taxes. True, but incomplete. What is missing from this short list is a third inevitable occurrence – tax law changes. We now have a new and pressing series of proposed...more
9/23/2021
/ Business Taxes ,
Capital Gains ,
Estate Tax ,
Exclusions ,
Fair Market Value ,
Generation-Skipping Transfer ,
Gift Tax ,
Grantor Trusts ,
Income Taxes ,
Irrevocable Trusts ,
Like Kind Exchanges ,
Retirement Plan ,
Surcharges ,
Tax Deferral ,
Tax Planning ,
Tax Rates ,
Transfer Taxes ,
Valuation
“Insurance.” The word itself evokes different reactions. The range of emotions expands when we mention “life insurance.” And if we add, trust – “life insurance trust” – you may just stop reading. But don’t. Now is exactly the...more
5/4/2021
/ Estate Planning ,
Estate Tax ,
Exclusions ,
Inflation Adjustments ,
Insurance Industry ,
Irrevocable Trusts ,
Life Insurance ,
Tax Code ,
Tax Planning ,
Trustees ,
Trusts