The IRS allowed amounts of the federal gift, estate, and generation-skipping transfer tax exemptions will materially increase in 2024. With…
When a loved one passes away, the emotional toll can be overwhelming, and dealing with the complexities of tax implications…
Investors in small closely held businesses looking for ways to reduce their tax liability might want to consider taking advantage…
A power of appointment is a legal instrument that grants an individual (the "appointee") the authority to decide how a…
When creating an estate plan, one of the most critical decisions you will make is selecting a personal representative and…
Charitable Remainder Trusts (CRTs) are a powerful tool for those looking to support their favorite causes while also securing a…
Donor-advised funds, or DAFs, are a popular way for individuals to support charitable organizations they care about while also receiving…
A Qualified Personal Residence Trust (QPRT) allows a homeowner to transfer their personal residence to a trust for a specified…
An Irrevocable Life Insurance Trust (ILIT) is a special kind of trust that is designed to own life insurance. The…
The Spousal Lifetime Access Trust (SLAT) is a type of irrevocable trust that allows married couples to transfer assets to…