by bwgdev | Feb 20, 2023 | Estate Gifting, Estate Planning
Charitable Trust A charitable lead annuity trust (CLAT) is an estate planning tool whereby a person (grantor) creates a trust that initially benefits a charitable organization, foundation, or other qualifying entity for a defined period. After this time ends, the...
by bwgdev | Nov 30, 2022 | Estate Planning
Although inflation is generally nothing to be pleased about, the IRS recently announced inflation-adjusted changes to the annual gift tax annual and estate tax exclusions for 2023. If you are considering wealth transfer tax planning, these are welcome increases. 2023...
by bwgdev | Aug 2, 2022 | Estate Planning
If you want to pass money to future generations without having it subject to gift and estate taxes, then a dynasty trust may be right for you. A dynasty trust allows trust assets to be used for the benefit of multiple generations while keeping the assets out of your...
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 | Mar 16, 2021 | Asset Protection
If you want to make a gift to family members but have exceeded the annual gifting limit, there is another way. Payments for a family member’s education or health care expenses are exempt from the gift tax. 2021 Gift Tax Exclusion The annual gift tax exclusion for 2020...
