If you are considering engaging in estate planning or you may be inheriting assets, it is important to understand what the step-up in basis is and how it may affect you.
There are various benefits to creating a testamentary trust. This article discusses the benefits of adding a testamentary trust to your estate plan.
The Internal Revenue Service (IRS) has announced contribution limitation adjustments for employee retirement plans going into effect January 1, 2023.
The Centers for Medicare & Medicaid Services (CMS) has released the 2023 federal guidelines for how much money the spouses of institutionalized Medicaid recipients may keep, as well as related Medicaid figures.
It has been a tumultuous few years. However, with the new year upon us, there are some silver linings – in particular for seniors. Here are five reasons for seniors to celebrate in 2023
If we have learned anything these past few years, it’s that life is fleeting. Amid such uncertain times, many of us have realized what – and who – truly means the most to us.
A charitable lead annuity trust (CLAT) is an estate planning tool whereby a person creates a trust that initially benefits a charitable organization, foundation, or other qualifying entity for a defined period.
Although inflation is generally nothing to be pleased about, the IRS recently announced inflation-adjusted changes to the annual gift tax annual and estate tax exclusions for 2023. If you are considering wealth transfer tax planning, these are welcome increases.
You may wonder if there’s anything you shouldn’t include in your will. The answer is yes. There are some things that you should avoid.
Although caring for a grandchild is rewarding, it can also be challenging, particularly when it comes to finances.
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