News Author: Teresa Tallarita
Avoid the Estate Planning Exemption Cliff: Plan to Take Advantage of the Current Exemption Before it Expires
In an effort to provide Americans with various forms of tax relief, in 2017 Congress enacted the Tax Cuts and Jobs Act (“Tax Act”). This act provided tax reductions in many different categories, but one of the most significant was that it nearly doubled the Estate Tax and Lifetime Gifts Exemption (“Exemption”). However, these tax
Estate Planning for the Modern Global Family
Estate planning tends to be a topic that overwhelms most people. It can be further complicated for modern-day global families whose lives include international nuances. For example, when one spouse is not a U.S. citizen, certain legal considerations come into play that can impact your planning strategies. Further, more and more families have international beneficiaries