Death Taxes, Estate Taxes, Gift tax, Medicaid Planning, Medicaid Trusts Tax and Medicaid Law Changes for 2024 For 2024 the exemptions for estate taxes rise to 6.94 million for New York estate taxes and to 13.61 million … January 18, 2024 2 MIN READ
Gift tax Gifting to Minors Gifting to minors raises some unique considerations. For one people under the age of eighteen lack the legal capacity to … October 6, 2023 2 MIN READ
Estate Planning, Gift tax, Irrevocable Trust, Living Trusts, Medicaid Trusts Taxation of Trusts Revocable living trusts where the grantor (creator) and the trustee (manager) are the same person use the grantor’s social security … July 13, 2023 2 MIN READ
Estate Planning, Gift tax, Irrevocable Trust, Living Trusts, Medicaid Trusts Taxation of Trusts Revocable living trusts where the grantor (creator) and the trustee (manager) are the same person use the grantor’s social security … July 13, 2023 2 MIN READ
Estate Planning, Estate Taxes, Gift tax, Inheritance Trusts, Minor Trusts What to Consider Following the Increase in the Annual Gift Tax Exclusion In 2022 the annual exclusion for federal Gift Taxes was increased to $16 000 per individual annually. Even though a … March 14, 2022 2 MIN READ
Estate Planning, Gift tax, Inheritance Trusts Hidden Estate Planning Advantage to This Year’s IRS Filing This year’s tax filing season has some hidden advantages. Amidst a backdrop of the Covid-19 pandemic and current tax laws … March 10, 2022 2 MIN READ
Gift tax “Unified Credit” Exemption Rules for Estate Gift and Formula Bequest Transfers With the enactment of the U.S. federal Tax Cuts and Jobs Act of 2017 (“Tax Act”) estate and gift transfers … May 27, 2018 0 MIN READ
Estate Planning, Gift tax Will The Government Shutdown Affect Your Estate Planning? News this week is dominated by one topic: the federal government shutdown. Like most others you may be wondering how … October 3, 2013 2 MIN READ
Estate Planning, Gift tax, Trusts GRATs – A Good Idea in this Low Interest Rate Environment? A post over at Think Advisor last week provides some helpful insight into one financial and estate planning tool which … August 6, 2013 2 MIN READ
