Traditional Special Need Planning has focused on the establishment and funding of Special Needs Trusts. Since 2014, families and friends can establish ABLE accounts as an additional vehicle for tax efficient savings for...
Read MoreThe statutory increase of the federal estate/gift transfer tax threshold to over $5.6 million in value per individual (over $11 million for a married couple), the portability of unused exemption amounts on the death of the first...
Read MoreBy: Elizabeth Brickfield Recent media attention has been given to proposals to repeal the prohibition on political activities by charitable organizations exempt from taxation under IRC 501(c)(3) – commonly referred to as the...
Read MoreBy Elizabeth Brickfield All of us avoid discussing or thinking about uncomfortable issues as we live our lives. Nowhere is this more evident than in the estate planning area. Estate planning is not merely about minimizing...
Read MoreBy Elizabeth Brickfield The generation skipping transfer tax (GST) is a second transfer tax imposed by federal law upon gratuitous transfers to individuals who are two or more generations younger (or thirty-seven and one-half...
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