Estate Tax

Under the current Tax Cuts and Job Act of 2017, individuals can transfer up to $13.61 million (per spouse, as of 2024) tax-free through their estate. But starting January 1, 2026, that exemption is expected to…

The Role of the Trustee Simply stated, a trustee is an individual or entity that holds legal title to some property (financial assets, business, real estate, etc) for the benefit of others. A trustee’s actions with…

When I think about the estate tax law environment over the past couple of decades, I am reminded of the phrase, “The only thing that stays the same is everything changes.” Those within the estate planning…

Closely held business owners face unique set challenges and opportunities, especially as we approach the anticipated sunset of current estate tax exemptions in January 2026. It’s imperative for business owners to consider their structure and succession…