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 [...]
The new federal tax law introduces key changes that could impact how construction business owners plan, invest, and pass on their companies. While the Employee Retention Credit has officially closed, the legislation offers new opportunities [...]
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 [...]
The intergenerational wealth transfer has begun, and baby boomers are poised to pass on over $68 trillion. Given the upcoming tax changes, we encourage our clients to carefully consider what implications this may have on [...]
Effective March 1, 2024, the American Arbitration Association (AAA) has implemented noteworthy revisions to its Construction Industry Arbitration Rules and Mediation Procedures. These changes, designed to align with technological progress, streamline processes, and enhance clarity [...]
January 1, 2026 is a pivotal date in estate planning as the federal gift and estate tax exemption, presently at $12.92 million ($25.84 million for couples), is slated to drop to $5 million ($10 million [...]
The Internal Revenue Service (IRS) has recently disclosed the annual inflation adjustments for the year 2024, affecting the lifetime estate and gift tax exclusion as well as the annual gift tax exclusion, among other parameters. [...]
