Understand how the increased estate tax exemption is changing the way estate plans are designed and how planners balance estate tax planning against potential income
Selling real estate after someone dies involves unique probate, title, and tax considerations. Learn what Personal Representatives need to know about authority to sell, PR Deeds, estate EINs, Form 1099-S reporting, and the stepped-up tax basis for inherited property.
If you established an irrevocable trust years ago to reduce estate taxes, recent changes to the federal estate tax exemption may warrant a fresh review of your estate plan. With the exemption increasing to $15 million per individual in 2026, many families may find that income tax planning—particularly strategies involving step-up in basis and highly appreciated assets—has become more important than estate tax minimization. This article explores how the new tax landscape affects irrevocable trusts and outlines planning considerations for trustees, beneficiaries, and grantors seeking to maximize tax efficiency while preserving broader estate planning objectives.
A Health Savings Account (HSA) can provide significant tax advantages during life, but its treatment after the account owner’s death depends on who inherits it. This article explains the legal and tax implications for spouses, non-spouse beneficiaries, and estates, helping families and advisors navigate HSA inheritance rules and avoid unexpected tax liabilities.
Year-end is the ideal time to review your estate plan and ensure it still reflects your goals, family changes, and the latest tax laws. This checklist highlights the key documents, appointments, and planning strategies to revisit before the new year so you can protect your loved ones and secure your legacy.
Married couples can double their estate tax exemption—but only if the portability election is filed correctly and on time. Learn the rules, pitfalls, and how to preserve your wealth.
A new law passed in July 2025 brings major updates to estate and gift tax exemptions starting in 2026, increasing the exemption to $15 million per individual. This change could impact your current estate plan—especially if it was created under prior tax rules.
Estate planning isn’t just for people—pets need protection too. A pet trust is a legally enforceable way to ensure your pet is cared for according to your wishes if you become incapacitated or pass away. Learn how to set one up, appoint caregivers, and fund your pet’s future with confidence.
As you and your family plan for the future, it’s crucial to consider how your estate plan will affect not just you, but your children
Powers of Attorney and Advanced Medical Directives: Key Documents for Estate Planning While many people associate estate planning primarily with the distribution of assets after
