The 2010 Tax Relief Act which was signed by the President in December 2010 increased the estate tax exemption to $5,000,000 per person. The bill also increased the lifetime applicable exclusion for … [Read more...]

Many people believe that estate planning is solely preparing someone’s estate for when they die. Of course, estate planning is far more complicated. In fact, estate planning also requires preparing … [Read more...]

It is finally here. On December 17, 2010 the President signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act (2010 Act) which makes changes to the estate, gift … [Read more...]

With the holidays upon us, people are busy scheduling family visits and trying to maximize their time with family. This family time is invaluable for estate planning purposes. While it is … [Read more...]

Year End Gifting Each person may gift to any individual $13,000 in 2010 without a gift tax (married couples may gift $26,000 to an individual). Any gifts which exceed the $13,000 in 2010 are … [Read more...]