If you have significant wealth, you may be exposed to future estate tax burdens that must be acted on before the Tax Cuts and Jobs Act reduces the estate tax exemption in 2026.
The year 2026 is quickly approaching, bringing substantial changes that may affect your estate tax situation.
The Corporate Transparency Act is designed to increase enforcement and prevention of financial crimes by promoting transparency in business entity structures and ownership.
The new tax relief bill includes an important change that may affect your estate plan as it relates to the change in Massachusetts estate tax law.
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When people begin getting their affairs in order through the creation of an estate plan, they often face a delicate balancing act.
A comprehensive estate plan should consider the impact that taxes can have on your estate and ensure that your estate is distributed in a tax-efficient manner.
This year has been unprecedented from a political perspective in many ways. President Joe Biden stepped into office facing huge obstacles related to the COVID-19 pandemic, an economy battered by the pandemic, a crumbling national infrastructure in dire need of repair, an ongoing immigration crisis at our southern border, and deep political and social divisions…
For years there has been talk about doing away with the Federal estate tax. So far, this year’s most popular question from clients is, now that the estate tax is gone, do we still need to do estate planning? The short answer is that if estate planning was only about the tax, then estate planning…
For years there has been talk about doing away with the Federal estate tax. The tax bill, passed in the closing days of 2017, partially achieved that goal for most American taxpayers. The new law increases the amount that a single person can pass during life or at death to $10M. This amount is to…