The federal estate and gift tax exemption is currently $12,060,000 per person. Due to annual inflation adjustments, this amount is expected to increase to $12,900,000 in 2023. Additionally, it is anticipated that the annual gift exclusion amount will be raised from $16,000 per donee to $17,000 per donee in 2023. These changes will create additional planning opportunities for individuals and families wishing to make tax-free gifts.Read More
Paley Rothman shares this library of resources with clients and friends of the firm to help them stay ahead of legal and business developments and trends. Here, you will find helpful tips and tools written by our attorneys and relevant to our areas of practice. If you have any questions about the content available in the resource center, please contact us.
So you are ready to think about your estate planning, but you are unsure of what it entails. Here is a timeline of what to expect.Read More
Everyone’s estate plan is different and unique. However, there are certain estate planning documents everyone should consider.Read More
An overview of why your children need to have their own estate planning documents.Read More