Each year statutory provisions require the IRS to adjust tax rates based on inflation. Although we're a bit tardy posting…
Until recently, the IRS has said little (if anything) regarding whether assets the beneficiary of an irrevocable trust receives get…
There are several steps in setting up a tax exempt organization. We're reviewing them here. However, this post is not…
The following is a mishmash of information on various Elder Law, Special Needs Law, and Estate Planning issues. It also…
General News Sources: Oldest person in the US reportedly dies at 115 Supreme Court declines to hear case of Delphi…
A recent Forbes article by Matthew Erskine, 2022 Transfer Tax Update, suggests that now is the time to make gifts…
General Sources: Autism Society's Capital Connection 12-16-2021 (reviewing Build Back Better Act) National Health Care Spending in 2020: Growth Driven…
News Sources: Elder Law Attorney Daniel Tully has 9 questions you should ask before you or a loved one goes…
In 2022, the annual gift tax exclusion will increase from $15,000 to $16,000 per recipient. In 2022, the estate and…
In 2021, the life-time estate and gift tax exemption is $11.7 million per donee (dead person or giftor). The exemption…