Estate & Financial Planning Articles
Year-End Gifting
Oct. 17, 2024
Towards the end of the year, some families consider making financial gifts to others as part of their year-end tax planning.
Continue ReadingU.S. Treasury Issues Rev. Proc. 2023-34 Detailing Changes to Estate, Gift & Generation Skipping Transfer Tax Rates & SECURE Act 2.0 Revisions for 2024 & Beyond
Oct. 17, 2024
On November 11, 2023, the U.S. Treasury Department issued Rev. Proc. 2023-34 releasing the 2024 inflation-adjusted exemptions for estate, gift, and generation-skipping transfer tax as follows:
Continue ReadingIRS Issues Inflation Adjustments for Transfer Taxes Related to Estates and Trusts
Oct. 17, 2024
In Rev. Proc 2022-38, the IRS provided inflation adjustments for various IRS Code provisions for taxable year 2023, including many relevant to trusts, estates, and gifts.
Continue ReadingHow Often Should I Review My Estate Planning Documents?
Oct. 17, 2024
In a perfect world, you should review your estate planning documents every time there is a life event, such as a,
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