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Creating an estate plan is crucial to avoid the lengthy and costly probate process. Without a proper plan, your estate will go through probate, causing stress and delays for your loved ones. Here is how to prevent that. What is probate? Probate is a court-supervised...
As parents, you often go to great lengths to ensure the safety, health, and happiness of your children. you baby-proof your homes, research the best schools and schedule regular health check-ups, all to provide your kids with the best possible start in life. However,...
The Department of Treasury has issued new inflationary amounts for those passing away in 2020, as listed below: Estates of decedents who die during 2020 have a basic exclusion amount of $11,580,000, up from a total of $11,400,000 for estates of decedents who died in...
The Tax Cut and Jobs Act of 2017 dramatically increased the Unified Estate and Gift Tax Credits available to individuals passing away in 2018 and beyond. The Department of Treasury has issued the new inflationary amounts for those passing away in 2019 as follows:...