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…
Thought Leadership
At around 11:45 CDT this past Monday (6/24), I was a mixture of resigned, frustrated and annoyed. I had just walked out of an open-air restaurant in Acadia National Park in Maine. This, after waiting for…
Listen to the full episode, here. John Norris: Well, hello again everybody. This is John Norris at Trading Perspectives. As always, we have our good friend, Sam Clements. Sam, say hello. Sam Clement: Hey, John. I’m…
This past Wednesday, a friend of mine sent me an article from CNBC about the Federal Reserve. Knowing his personal take on our central bank, I knew it was not going to be a favorable one.…
This week, the Bureau of Labor Statistics (BLS) announced there wasn’t any inflation during May. The Consumer Price Index (CPI) was flat. The Producer Price Index (PPI) was slightly negative, and Import and Export Prices saw…
Click here to listen to the full episode. John Norris (00:30): Well, hello again everybody. This is John Norris at Trading Perspectives. As always, we have our good friend Sam Clement. Sam, say hello. Sam Clement…
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…
Estate Tax
Protecting Your Legacy: 8 Essential Steps for Business Owners Ahead of Estate Tax Changes
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…
This morning, the Bureau of Labor Statistics (BLS) released “The Employment Situation – May 2024.” Investors had been anxiously awaiting the report in hopes it would give the Federal Reserve a clearer path to cut the…