IRS Releases 2022 Annual Exclusion and Estate, Gift, and Generation-Skipping Transfer Tax Exemption Amounts
On November 10, 2021, the Internal Revenue Service (IRS) issued Rev. Proc. 2021-45, which provides inflation adjustments for sixty-two sections of the Internal…
What is a grantor trust and will it help me?
When we give gifts in trust, the trusts can be irrevocable, or permanent (and not easily amended), but clients also need to…
An estate plan is a great gift for your adult children
In a recent WSJ article, Malcolm Butler, president and CEO of the The Fiduciary Group in Savannah GA, argues that giving an estate…
Millenials discover a purpose for prenups
In a recent WSJ article, the authors recognize the recent trend of millenials embracing prenuptial agreements, but for reasons their parents would not…
Basis planning
Before the increase in the federal estate tax exemption amount, brought in by the enactment of the American Taxpayer Relief Act (ATRA)…
SECURE Act considerations
Under the new SECURE Act, effective January 1, 2020, various IRA and qualified plan rules, long applicable to planning, have changed. First,…
Some thoughts on selecting fiduciaries
Fiduciaries can hold a lot of power when it comes to the successful execution of one’s estate plan—they make crucial financial decisions,…
Avoiding double taxation on C corporations: tax planning under the TCJA
Avoiding Double Taxation on C Corporations C corporations (C corps) are often an excellent but overlooked entity choice in estate planning. With…
New survey reveals baby boomers are not preparing
The lights have been green for the baby boomers all their lives. They were born just after World War II, between 1946…
Should I let my children know about their inheritance?
Question: I have never been comfortable talking about money with my adult children, but my wife and I are making some changes…
