Tick Tock
The clock is ticking on the expiration of the doubled (or “bonus”) gift/estate tax exemptions. Now is the time to begin your planning to moving wealth out of your estate.
Sooner vs. Later
Consider making your annual exclusion gifts in January. Here’s why.
I Need to Probate What?
Dealing with death of a loved one involves grief, loss and the legal process. This article provides a good overview of what to expect on the legal and financial side of things.
Inflation Has Its Benefits
Predictions for 2024 inflation adjustments: the estate and gift exemption will adjust to $13,610,000 per taxpayer, and the annual exclusion will adjust to $18,000 per donor/donee.
To File or Not to File (your 1041)?
As we approach the extended tax filing deadline, what are the options for reporting the income tax on grantor trusts?
A Complex Web
The estate tax rules are complicated when non-US citizens reside in the US or have US situs property.