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Learn about the latest legal developments that could potentially impact your life, your family, and your business.
Will Trust and Estate Tax Rules Change in 2022?
Will Trust and Estate Tax Rules Change in 2022?
When the Tax Cuts and Jobs Act of 2017 increased the estate and gift tax exemption amount from $5.49 million to $10.98 million, it significantly reduced the number of wealthy Americans that had to worry about such taxes. However, the exemption and other trust and...
3 Tax Planning Strategies Individuals Can Use Now
3 Tax Planning Strategies Individuals Can Use Now
Too often, we don’t think about how to lower our income tax burden until we’re getting our documents together for tax season. We suddenly realize how much we paid in taxes and worry about what we may still owe. While it is generally too late to do anything about...
What Changes Should You Expect in Tax Rates for Individuals and Corporations in 2022?
What Changes Should You Expect in Tax Rates for Individuals and Corporations in 2022?
If you have been following the negotiations over the Build Back Better Act (BBBA) in Congress, you know that many of the original provisions have been dropped from the bill. While passage of the Act in its present state is unlikely, we may still see changes to the...
Should You Change Your Tax and Investment Strategies Based on Proposals in Congress?
Should You Change Your Tax and Investment Strategies Based on Proposals in Congress?
When the Build Back Better Act (BBBA) was first introduced last year, it contained significant changes to tax laws that would increase the tax bill of many individuals and corporations in the U.S., particularly for high-income earners. The purpose was to raise...
In Messy Family Trust Dispute, Smith Legacy Law Sets Boundaries
In Messy Family Trust Dispute, Smith Legacy Law Sets Boundaries
Even in the closest family relationships, it’s healthy to maintain some boundaries. Unfortunately, we often see those boundaries trampled when disputes arise among family members over finances—trusts in particular. Money may not be the root of all evil, but it...
The Meaning of a Motto: “Lawyer for Life”
The Meaning of a Motto: “Lawyer for Life”
We aim to be our clients’ “Lawyers for Life.” It’s a simple motto, but it has multiple meanings. On one level, it means that we seek to maintain long-standing relationships with individuals and families that extend over decades. And of course, that is very true. We...