Category: Estate Planning

Current Tax Proposals and the Potential Impact on Your Estate Plan

Fri Jul 30, 2021 | Asset Protection |

The election of President Biden and other Congressional democrats has signaled significant changes in store for many Americans. In addition to political and cultural changes, proposed tax plans could profoundly impact current and future estate plans for many Americans. While we don’t yet know what changes will be passed and […]

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Is It Time to Review Your Estate Plan?

Fri Apr 30, 2021 | Estate Planning |

It is quite common for people to create a will while making other estate plans and then think their estate planning is finished. Unfortunately, this is not the case. Estate planning should be an active, ongoing process rather than something you do once and then forget about. If you haven’t […]

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What You Need to Know About Funding Your Living Trust

Mon Nov 16, 2020 | Estate Planning |

Living trusts have become a popular estate planning tool for many reasons – they offer flexibility and protection while helping you avoid the probate process. However, creating the trust is not enough by itself. One of the most common mistakes that people make is neglecting to actually fund the trust. […]

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IRS Announces 2021 Adjustments to Several Trust, Estate Items in Revenue Procedure 2020-45

Wed Nov 4, 2020 | Estate Planning |

The Internal Revenue Service recently released Revenue Procedure 2020-45 which applies to taxable years beginning in 2021. This announced the annual inflation adjustments for more than 60 tax provisions. A few of the major items related to trusts and estates include the following: The basic exclusion amount (which includes the […]

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