If you have made the effort to create an estate plan, whether it is through a will alone or a pour-over will and trust combination, you must also make the effort to update any beneficiary designations to coordinate with your estate plan or your estate plan might not work the way you Continue reading
Author: Tom
The Corporate Transparency Act & Filing a Beneficial Ownership (BOI) Report
Effective January 1, 2024, the Corporate Transparency Act requires small businesses to report
information about their beneficial owners —the individuals who ultimately own or control the
company—to the Financial Crimes Enforcement Network (FinCEN) to create a national database for use Continue reading
WHAT 2026 MEANS FOR GIFTING AND THE FEDERAL ESTATE TAX EXEMPTION
The Tax Cuts and Jobs Act of 2017 doubled the amount a person can transfer tax-free to others from $5 million in 2017 to $10 million in 2018 plus an added amount indexed for inflation. The federal gift and estate tax exemption in 2025 with its index for inflation will allow an individual Continue reading
What Is Estate Planning?
What is Estate Planning?
Believe it or not, you have an estate. In fact, nearly everyone does. Your estate is comprised of everything you own— your car, home, other real estate, checking and savings accounts, investments, life insurance, furniture, personal possessions. No matter Continue reading