News & Analysis as of September 23, 2024

Step-Up Basis

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Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process. less -

Estate Planning 2022 Federal Tax Update

Lathrop GPM on 1/4/2022

As we start the new year, this Federal Tax Update highlights estate planning-related federal tax information that may be helpful as you consider planning options for 2022. Because Congress could pass legislation that changes...more

American Families Plan and Real Estate Investments – 1031 Exchanges

Whitman Legal Solutions, LLC on 6/1/2021

This article is part of a series discussing how the American Families Plan might affect real estate investments. Previous articles discussed how the American Families Plan proposes eliminating the stepped-up basis for many...more

New Tax Changes That Might Affect Your Estate Planning Strategy

Burr & Forman on 2/8/2021

While there are many new tax policy implementations that may be imminent with the new Biden administration, there are two changes in particular that estate planning attorneys are watching closely. These include (1) a...more

The Clock Is Ticking on Estate and Gift Planning

Cozen O'Connor on 9/1/2020

November’s election results could have a profound effect on the estate and gift tax laws. Among a number of significant issues are...more

Year End Gifting

Farrell Fritz, P.C. on 12/13/2016

Each December I usually write about year-end gifting, as now is the time that many people think about gifting to loved ones, especially with the holidays upon us. In addition to making you, as well as the beneficiary of your...more

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