by Tom Bates | May 7, 2021 | blog, Blog: Estate Planning
Taxes are often said to be one of the few unavoidable parts of life. The degree to which you end up paying taxes, however, can change substantially. Even though it is currently set at $11.7 million for singles and $23.4 million for a married couple, the estate tax...
by Tom Bates | Feb 12, 2021 | blog, Blog: Estate Planning
As of January 2021, a person in the United States is permitted to pass on $11.7 million and a married couple can distribute $23.4 million without being subject to any estate or gift taxes. A sunset clause written into the Tax Cuts and Jobs Act of 2017 as well as the...
by Tom Bates | Sep 18, 2020 | blog, Blog: Estate Planning
In 2020, many people had various parts of their lives changed as a result of the coronavirus pandemic. With the United States presidential election scheduled for November 3 of this year, many of us are about to have our lives changed even more. As we anticipate this...
by Tom Bates | Aug 28, 2020 | blog, Blog: Estate Planning
While the date of the 2020 election comes closer, estate planning lawyers are informing clients to anticipate the various changes to estate planning taxes that are likely to occur regardless of which candidate prevails. The following reviews some areas of estate...
by Tom Bates | Oct 11, 2019 | blog, Blog: Estate Planning
There are many reasons to review your estate planning documents periodically. One event that should prompt you to pull out your estate planning documents is any revision made to the tax system. If you are reviewing your estate planning documents this year, consider...
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