Providing Peace Of Mind
The recent tax bill proposed by Senator Bernie Sanders would dramatically alter the estate tax landscape and would eradicate or severely limit a number of estate planning strategies that families have relied upon for decades. These changes could be effective after December 31, 2021, in part, as follows: Estate and GST tax exemptions to be reduced from $11.7 million to…
The current financial and political climate urges us to think about controlling and preserving our assets. Be proactive in protecting your wealth – you may consider reviewing your estate planning options well in advance of the election and be ready to implement any changes before year-end. Consider estate planning in a way that benefits you and your family regardless of…
Due to low interest rates and other planning factors, now is a great time to implement an estate planning opportunity known as a “Sale to a Grantor Trust.” This type of transaction takes advantage of current low rates while also reducing estate tax exposure by shifting future appreciation outside of the taxable estate. A simplified example of a sale is…
Keeping up with the rapidly evolving pandemic news can be confusing and exhausting. The markets are volatile, asset values are depressed and business valuations are historically low. But this does not mean you should wait to address your estate planning. Now is the time to take action. Current market conditions have created great opportunities to maximize certain wealth transfer techniques.…
‘Shelter in place’ orders are allowing families to spend extended time together. One way to spend that time productively is to discuss any outstanding estate planning needs your family may have. Below are a few timely guidelines your family may want to consider: Locate and Review Existing Estate Planning Documents It’s easy to take the “set it and forget it”…
