Tag Archives: Annual Gift Tax Exclusion

The Crummey Notice Requirement – What is the Point and When is it Necessary?

One of the primary techniques used to reduce a person’s taxable estate is making gifts during his or her life to other individuals, usually children or grandchildren, using the annual gift tax exemption ($14,000 in 2017). An individual can make … more

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Year-End Estate Planning To-Do List

> Familiarity with the terms of your documents is an essential part of having an up-to-date estate plan.   > If you do not have an estate plan in place, the end of the year is an ideal time to … more

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Year-End Estate Planning To-Do List

> Familiarity with the terms of your documents is an essential part of having an up-to-date estate plan.   > If you do not have an estate plan in place, the end of the year is an ideal time to … more

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Your Estate Planning Goals

POWER POINTS + Estate planning is about much more than just who will receive your assets after death. + Proper estate planning can reduce the cost, time and likelihood of conflict when your assets are to be transferred to your … more

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Three Reasons Irrevocable Trusts Fail

All trusts fall under one of two categories: revocable or irrevocable.  These trusts differ in several significant ways, including their purpose, asset ownership and use, tax treatment and annual maintenance requirements.  This newsletter will briefly discuss the differences between a … more

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The Not-So-Permanent Estate Tax

On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 (the “ATRA”) into law.  Failure to pass the new law would have resulted in a significant decrease in the estate and lifetime gift tax exemptions and … more

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Estate and Gift Tax Aspects of the American Taxpayer Relief Act of 2012

On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 (the “ATRA”) into law.  Failure to pass the new law would have resulted in a significant decrease in the estate and lifetime gift tax exemptions and … more

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Your Estate Planning Checklist for the New Year

The turning of the calendar presents a great opportunity to evaluate whether your financial affairs are in order.  If you do not have an estate plan, it is a good time to resolve to meet with an estate planning specialist … more

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Annual Gift Tax Exclusion Expected to Rise

The annual gift tax exclusion is an amount that an individual can give to as many other individuals as he or she desires in a given year without incurring any gift tax liability.1  On January 1st, the exclusion resets and … more

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Significant Gifting Opportunity to Expire

With the lifetime Gift Tax exemption at the highest it has ever been ($5,120,000 in 2012)1 and Gift Tax rates (capped at 35% in 2012) and Applicable Federal Rates being historically low, 2012 is a perfect storm of gifting opportunity … more

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