NO TIME LIKE THE PRESENT!

NO TIME LIKE THE PRESENT!

NO TIME LIKE THE PRESENT!   Why is it so important to get your estate planning done now?   Well, for almost everyone, there are three basic “life status” phases during which your estate plan will be decided:   Phase one: Alive & Well.  Phase two: Seriously Ill....
HOW OFTEN DO I NEED TO UPDATE MY ESTATE PLAN?

HOW OFTEN DO I NEED TO UPDATE MY ESTATE PLAN?

HOW OFTEN DO I NEED TO UPDATE MY ESTATE PLAN? There is no hard-and-fast rule as to when you should update your estate plan.  But if you and/or your spouse have had significant lifestyle changes since your last estate planning documents were executed, you should...
How the New Omnibus Bill Will Benefit Older Adults

How the New Omnibus Bill Will Benefit Older Adults

How the New Omnibus Bill Will Benefit Older Adults The US Senate and House have just passed a year-end $1.7 trillion appropriations bill that will benefit older adults in several ways. Below are some of the highlights of this new bill. Medicaid beneficiaries who must...
Estate Tax

Estate Tax

Did you know that the federal estate tax exemption has been increased to $12.9 million for 2023? This means that the gross value of your estate must exceed $12.9 million before any federal estate taxes come due. In addition, if you’re married, the government allows...
Gift Tax

Gift Tax

Did you know that for 2023, the federal estate gift tax exemption has increased to $17,000 for 2023? This means that you may gift up to $17,000 a year to as many people as you want without having to file a federal gift tax return. And, if you are married, your spouse...