Tag: Estate Planning

What is New York’s Estate Tax Cliff? (2021)

As part of Tax Cut and Jobs Act of 2017, the U.S. federal estate tax exemption amount increased to approximately $11.7 million per individual or $23.4 million per couple (for 2021). As a result, many families are no longer subject to this federal estate tax due to the high estate tax exemption amounts. However, several individual states impose their own estate or death taxes, and many have much lower estate tax exemption thresholds.

By |2021-02-08T19:54:19+00:00February 6th, 2021|Blog|Comments Off on What is New York’s Estate Tax Cliff? (2021)

Retire in Italy? A New 7% Flat Tax May Incentivize U.S. Citizens Looking to Retire Abroad

Living abroad has gained popularity for many U.S. citizens as they plan for how to spend their retirement years. Italy, an already popular retirement destination for many Americans, recently introduced a new tax incentive that may help further attract foreign retirees.

By |2021-11-03T15:03:10+00:00January 27th, 2021|Blog|Comments Off on Retire in Italy? A New 7% Flat Tax May Incentivize U.S. Citizens Looking to Retire Abroad

The Biden Agenda for Estate Plans More Costly for The Rich and Not-So-Rich

With Democrats in control of the Senate and House the likelihood of passing legislation in line with President-elect Biden’s agenda for estate plans has increased. While there are a number of proposed changes, there are two that are most significant. First, the amount of assets an individual can pass estate tax free to heirs may be substantially reduced. Second, capital gains taxes may be imposed on all estates with appreciated assets. This means that even individuals who are “not rich” will suffer some tax consequences at death.

By |2021-01-14T18:11:14+00:00January 14th, 2021|Blog|Comments Off on The Biden Agenda for Estate Plans More Costly for The Rich and Not-So-Rich

Diminished Financial Security in a Coronavirus World: Insurance is One Way to Restore that Security

The Coronavirus pandemic has impaired the personal and business balance sheets of many clients and caused them to rethink their plans for the future. Uncertainty and a diminished sense of financial security have crept into plans [...]

By |2020-07-22T13:01:03+00:00July 22nd, 2020|Blog|Comments Off on Diminished Financial Security in a Coronavirus World: Insurance is One Way to Restore that Security

Developing a Pension Maximization Strategy

This paper is the second part of a two-part series. In the first part, we discussed the considerations involved in evaluating different pension options. As follow-up, this second part will discuss whether there is [...]

By |2020-05-11T14:30:25+00:00August 21st, 2019|Attorneys, Blog|Comments Off on Developing a Pension Maximization Strategy

Guide to Giving: What to Give

This is the second article in a Guide to Giving blog series by contributing editor Richard B. Freeman. Richard is a Senior Director, Wealth Advisor at Round Table Wealth Management and a member of [...]

By |2021-08-19T21:10:45+00:00October 16th, 2018|Blog|Comments Off on Guide to Giving: What to Give

Guide to Giving: Ways to Give

This is the first article in a Guide to Giving blog series by contributing editor Richard B. Freeman. Richard is a Senior Director, Wealth Advisor at Round Table Wealth Management and a member of [...]

By |2019-05-21T18:42:47+00:00October 16th, 2018|Blog|Comments Off on Guide to Giving: Ways to Give

2018 Federal Estate Tax Law Changes

Federal estate taxes changed under the new tax law, resulting in substantially less taxes for individuals with estates greater than $5.49 million and couples with estates greater than $10.98 million. The Tax Cuts and Jobs Act more than doubles [...]

By |2019-06-13T14:32:28+00:00April 16th, 2018|Blog|Comments Off on 2018 Federal Estate Tax Law Changes
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