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
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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
What does an Advance Medical Directive allow you to do?Read More