IRS Announces Increase in 2023 Tax Exclusions

IRS Announces Increase in 2023 Tax Exclusions

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...
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...