by Monique | Apr 26, 2021 | Uncategorized
Working with a knowledgeable estate planning attorney can help you minimize your gift and estate tax obligations with strategic planning. We encourage many of our high net-worth clients to use a strategic gifting program. This means they utilize $15,000...
by Monique | Apr 12, 2021 | Estate Planning
Gift tax and estate tax are actually the same thing–federal wealth transfer tax. US citizens are allowed to give away up to $11.7 million (the $10 million exemption amount adjusted for inflation) during their life or upon their death. Under current law, the...
by Monique | Apr 5, 2021 | Estate Planning
You can currently give away up to $11.7 million dollars to other individuals during your life or upon your death without paying any gift tax. However, even though you do not need to pay gift tax on gifts made before you reach this amount, you do need to file a gift...
by Monique | Jan 20, 2021 | Avoiding Probate, Estate Planning
Every adult needs to have an estate plan in place. An estate plan is a plan that lays out who is in charge and what will happen when a person is incapacitated or passes away. The estate plan usually includes documents such as a will, living trust,...
