Gift Tax

2023 Estate and Gift Tax Report

As described in this article, 2023 marks the highest estate and gift tax exemptions to date.

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Here We Go Again - Estate Tax Exemption May Be Reduced Come Next Year

Bill provisions reduce the Estate Tax Exemption from $11.7 Million down to $5 Million adjusted for inflation. effective next year.

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How Biden's New Proposed Tax Plan Affects Estate Planning

Biden's American Families Plan did not include provisions to expand estate taxes, and instead focused on capital gains.

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Election Result Could Warrant Making Gifts Now Instead of at Death

People are eager to look into ways to gift away assets now, taking advantage of the current gift and estate tax exemption.

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Advanced Estate Planning with Lifetime Gifts

There are a number of estate planning strategies that can help preserve your assets, promote the transfer of wealth, and lessen the tax...

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Estate Planning Attorney Advises Against Shortcuts

The estate planning attorney is familiar with this gentleman’s plan to avoid the “courtroom mumbo jumbo” described in the article “Estate...

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Farmers, Don’t Make These Five Estate Planning Mistakes

Estate planning for farmers and ranchers can involve many pitfalls for the unwary. First mistake: some farmers think they don’t have to...

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Is This the Golden Age of Tax-Free Gift Giving?

There’s a time limit on the current opportunity for tax-free giving. It expires after tax year 2025 (unless Congress alters the...

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What is an Irrevocable Life Insurance Trust?

As part of an overall estate planning strategy, says JD Supra in the article “Estate Planning: The Irrevocable Life Insurance Trust,” an...

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Should I Create My Will Online?

More than 50% of Americans don’t have a will, according to a 2017 survey by Caring.com. A U.S. News & World Report’s article asks “Should...

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Top 3 Reasons for Business Succession Planning

The San Antonio Business Journal’s recent article, “Plan your exit even if you never plan to leave your business,” explains that many...

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