Wealth Planning and Preservation
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…
Recent WSJ thoughts on direct gifting to grandchildren
In a recent WSJ planning article, the following question was posed: Questions: You recently wrote about estate planning and leaving a “legacy.”…
Time to Look At Your Planning
In a recent WSJ article, “Haven’t Updated Your Estate Plan in a While?”, the author Cheryl Munk reminds readers that estate planning is…
Talking about special needs planning
Planning for a child with special needs. A child’s special-needs diagnosis can pose a complex challenge to financial advisers who are drawing up…
Moving to a new state?
Review estate-planning documents after moving to a new state. It’s not at the top of most people’s to-do lists after a move, but…
Helping young adults succeed with money
A recent Trusts & Estates posting by Kim Kamin helpfully discusses issues related to helping young adults, particularly those who are trust beneficiaries, succeed…
Nine common estate planning mistakes
In a recent post, Trusts & Estates published an article discussing nine common mistakes in estate planning. These are mistakes unrelated to legal…
Thinking about incentive trusts
In a recent Trusts & Estates article, “The Ultimiate in Dead Hand Control – Incentive Trusts,” attorney Charles Redd considers “incentive trusts”…
Are the rich frugal?
The frugality of the rich. A lot of millionaires aren’t easy to spot, and are more likely to be found shopping in the…
The wealthy actually care about their society
In the debate over disparity separating America’s rich from the middle class, the wealthy aren’t usually associated with everyday concerns such as…
