Recent updates to the federal estate and gift tax exemption have created new planning considerations for high-net-worth individuals and families. While the current exemption levels are historically high, long-term planning should account for the possibility [...]
New savings and planning tools continue to emerge, and some may become part of broader long-term planning conversations for families. One option worth understanding is Trump Accounts, a tax-advantaged savings vehicle designed to help support [...]
At Burkhalter Law, we believe meaningful progress starts with thoughtful preparation. While many entrepreneurs take steps to protect their personal legacy through a Will and/or Trust, they often overlook what happens to their most significant [...]
A complete estate plan extends far beyond a basic will and incorporate legal structures such as revocable or irrevocable trusts, financial and healthcare powers of attorney, advance directives, and HIPAA authorizations. These important documents ensure [...]
Many successful business owners are understandably concerned about potential estate taxes. However, effective estate planning is about much more than just reducing taxes. It’s about making sure your wealth continues to grow, supports your family, [...]
While a Last Will and Testament is a critical part of an estate plan, it does not avoid the probate process and may not provide sufficient protection or flexibility in more complex situations. In many [...]
Acting as a Trust Protector, our attorneys provide clients with a level of independent oversight and flexibility during trust administration. In this role, we help ensure that the trust is being carried out according to [...]
The recent election outcomes have significant implications for estate tax planning, especially with the scheduled sunset of the Tax Cuts and Jobs Act (TCJA) in 2026. Currently, the federal estate tax exemption stands at $13.61 [...]
As you head into Q4, it’s the perfect moment to start optimizing your financial strategy for 2025 and beyond. As a business owner, staying ahead demands continuous adaptation. Implementing the right technology, developing a robust [...]
As estate tax laws continue to evolve, it becomes increasingly important to ensure that your assets are safeguarded for future generations. With emerging changes on the horizon, careful planning is necessary to mitigate potentially hefty [...]
Ensuring adherence to employment laws is crucial for establishing an equitable and just workplace. These laws encompass minimum wage standards, working conditions, and anti-discrimination policies, safeguarding the rights of workers. Complying with these regulations protects [...]
