Estate Planning

Under federal tax law, the person making a gift (the donor) is responsible for any federal gift tax due—not the recipient (donee). The gift’s recipient (the donee) does not have to pay any income taxes

Imagine walking through a serene forest with sunlight filtering through the trees. Instead of rows of headstones and manicured lawns found in traditional cemeteries, where concrete vaults and metal caskets separate the deceased from the

The IRS released the final regulations to the SECURE Act on July 18, 2024. Although regulations mostly mirror the 2022 proposed regulations, they include some clarifications and changes. Below is a summary of the most

I read an article last week that served as a sobering reminder of why it’s crucial to plan for the unexpected. The article was about a Pennsylvania couple vacationing in Florida with their six children.

Barack Obama signed the Achieving a Better Life Experience “(ABLE”) Act into on December 19, 2014. The Act authorized the creation of ABLE Accounts, tax-advantaged savings accounts designed to help eligible individuals with disabilities maintain

What is an ABLE Account? An ABLE (Achieving a Better Life Experience) account is a type of savings account for individuals with disabilities and their families. The account allows individuals with disabilities to save money

I received a note from a concerned wife. Her husband had purchased the home in which they resided two years before they were married. Throughout their marriage, she contributed to paying the mortgage and paying

“I don’t plan to die next week,” my clients often tell me. They convince themselves there is no urgency in completing or finalizing their estate plans. The truth is with estate planning, time is of the