Increased Annual Gift Tax Exclusion On January 1, 2024, the gift tax annual exclusion increases to $18,000 per person (up from $17,000 per person in 2023).  The inflationary increase allows a married couple to give a combined $36,000 to each beneficiary without reduction of their lifetime gift and estate tax exclusions. If you intend to

Serving as trustee of a trust can be a daunting task. You are likely dealing with the loss of a family member or close friend. At the same time, in addition to your usual work and commitments, you’re expected to take on a new job, for which you have little to no experience.  Even when

It is estimated that millions of older adults, from all walks of life, encounter harmful scams every year. By knowing how to identify financial scams and the people who commit them, you can protect yourself and others from becoming a victim. Telemarketing and Bulk Rate Mail Tricks It can be extremely difficult to tell if

So you finally did it … you met with an estate planning attorney and have the perfect plan in place.  You’ve made sure that your overbearing son-in-law will not share in your estate, protected your other child (who never could manage money) from inheriting a substantial sum, and have made a well-deserved gift to the

    Estate planning is the process of planning for the transfer of your assets at death to beneficiaries you choose with the goal of preserving as much wealth as possible for those beneficiaries by minimizing taxes and avoiding probate (an expensive, time-consuming and public court process). A mindful estate plan addresses strategies for creditor

About 70% of individuals over age 65 will require at least some type of long-term care services during their lifetime. This can run the gamut from assisted living to skilled nursing care and the cost can range anywhere from $50,000-$100,000 per year or more. Read more to learn what your options are for planning for

Estate planning is much more than just directing how your assets should be distributed after your death. An equally important aspect of estate planning is making sure that you have planned for situations during your life where you may not be able to make decisions for yourself. Today, we are going to give you a