2026 Estate Tax Exemption to be Cut

2026 Estate Tax Exemption to be Cut

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...
Can a Trust Help Me Reduce Taxes?

Can a Trust Help Me Reduce Taxes?

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...
What is an Irrevocable Trust?

What is an Irrevocable Trust?

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...