Category: Estate Planning

Hour glass representing Estate Planning

The ‘For the 99.5 Percent Act’ Could End These Favorable Estate Planning Provisions

The proposed “For the 99.5 Percent Act” aims to make significant changes to the estate and gift tax and would impact several estate planning techniques.

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Alarm clock on row of paper money representing time running out on Estate Planning opportunity

Favorable Estate and Gifting Opportunities? Is Time Running Out?

Estate and gifting limits are at favorable levels right now, giving high net worth individuals ample estate planning opportunities. However, because of the uncertainty around potential tax reform that could be enacted as early as 2021, we encourage individuals to investigate acting on these current opportunities before the end of 2020. What is the current […]

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Tell Your Loved Ones the ‘Why’ Behind Your Estate Plan

The “why” of an estate plan is a critical component and might just be where true legacy lies.

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Family Vacation Homes: How to Preserve Harmony and the Home

Transferring a family vacation home to the next generation presents unique challenges for families. Open communication and proper planning can ensure your legacy remains intact.

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older couple looking at paper work and a calculator, representing minimizing estate taxes

Minimize Your State Estate Taxes Through Proper Planning

For more than 100 years, the U.S. government has been taxing assets that remain upon death. Fortunately, over time, the government introduced exemption limits allowing a portion of these assets to transfer to a person’s heirs tax-free. Over the last 20 years, the IRS increased the federal estate tax exemption from $1,350,000 to $23,160,000 for […]

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overlook of beach, ocean during sunset, representing moving to a state with lower taxes

Things to Consider Before Making a Change of Residence to a More Tax Friendly State

Many retirees find southern states quite attractive because of the warmer weather, lower cost of living and the ability to enjoy outdoor activities nearly year-round. Buying a new home to escape the winter weather becomes even more enticing when it also provides attractive income and estate tax benefits. However, you should know that your former […]

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Grandparents and 2 grandkids walking on the beach, representing Grantor Retained Annuity Trust (GRA

Grantor Retained Annuity Trusts for Estate Planning

What comes to mind when you hear the term “estate planning?” For some people, this topic can be complicated and overwhelming. However, once you understand what it means, you will better understand the solutions. This article defines what estate planning is and gives you an introduction to one estate planning technique: Grantor Retained Annuity Trusts […]

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