by bwgdev | May 23, 2022 | Estate Gifting, Estate Planning
The federal estate tax exemption is due to be cut in half in 2026. For those with a high net worth estate, advanced planning may help you take full advantage of the current tax exemptions before they are cut. $12 Million Today – $6 Million Tomorrow The federal...
by bwgdev | May 2, 2022 | Estate Planning
One of the many factors to consider when setting up a trust is whether to make it a grantor trust or a non-grantor trust. While a grantor trust is more common, a non-grantor trust can be useful in certain circumstances. A Grantor Trust A grantor trust is any trust in...
by bwgdev | Apr 25, 2022 | Elder Care
If you apply for long-term care assistance through Medicaid and your application is denied, it may feel hopeless. The good news is that you can appeal the decision. Medicaid is a program for low-income individuals, so it has strict income and asset eligibility...
by bwgdev | Apr 18, 2022 | Business Planning
Running a small business can keep you busy, but it should not keep you from creating an estate plan. Not having a plan in place can cause problems for your business and your family after you are gone. While an estate plan is important for everyone, it is especially...
by bwgdev | Apr 12, 2022 | Estate Planning
If your spouse dies, you may have to decide whether or when to sell your house. There are some tax considerations that go into that decision. Capital Gains Tax The biggest concern when selling property is capital gains taxes. A capital gain is the difference between...
