Discussing Your Estate Plan with Loved Ones
Estate planning is important for every adult, even those who aren’t wealthy or old. It is a way to ensure that your wishes are implemented if you pass away, including giving you the power to designate what happens with your assets and who will care for your minor...
Will Congress Address the Tax Cuts and Jobs Act Sunset Provisions in an Election Year?
As we enter an important election year, it raises questions about how much work Congress will accomplish in 2024. In particular, will Congress extend the high estate tax exemption introduced in 2017 under the Tax Cuts and Jobs Act or allow it to sunset in 2025?...
How to Address Cryptocurrency in Your Estate Plan
Cryptocurrency is still in its infancy but has become increasingly mainstream over the last few years. As a result, more people have to address cryptocurrency in their estate plans. If you have a meaningful amount of cryptocurrency or other digital assets, such as...
How Can a Rabbi Trust Help You Recruit and Retain Employees for Your Business?
A rabbi trust is a special type of grantor trust that is created by a company and provides a non-qualified employee benefit. Despite its name, it is not limited to use by rabbis. The name derives from the fact that the first known trust of this type was created by...
Blindsided – How Can You End a Conservatorship or Guardianship?
Michael Oher, a former professional football player, and the main character depicted in the film The Blind Side, has been in the news regarding a conservatorship that was created when he was in high school. Oher states that he believed, and the story told in the...
How to Preserve Tax Savings Before the Estate and Gift Tax Exemption Sunsets
The Tax Cut and Jobs Act of 2017 (“TCJA”) made meaningful changes to the tax code which is set to “sunset” at the end of 2025. Come Jan 1, 2026, the historically high estate and gift tax exemption, among other provisions, will disappear and revert to pre-TCJA...