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 Michael Baker | Feb 22, 2021 | Asset Protection, Trusts
The estate planning process allows you to take control over what will happen to your assets after you die, including high-value assets like your home and investments. You might find, however, that simply using a last will and testament is not going to be enough to...
by Michael Baker | Feb 15, 2021 | Asset Protection, Trusts
If you have a high-value estate, one of the main considerations of your estate planning might be what you can do to reduce your potential estate tax liability. Trusts can be used in certain ways to help you reduce taxes, but not all trusts will have tax-reducing...
by Michael Baker | Feb 8, 2021 | Asset Protection, Trusts
An irrevocable trust is a specific category of trust with terms that cannot be changed or modified in any way without the express permission of the grantor’s beneficiaries. By placing assets into the trust, the grantor officially transfers ownership of those assets to...
by Michael Baker | Feb 2, 2021 | Estate Planning
We are now in the depth of winter, all while a global pandemic continues to affect everyday life here in the United States. As such, people are spending a significant amount of time at home. Now is a perfect time for you to review your estate plan if you have not...