Sharon Ravenscroft Estate Planning Blog

 The good news is the estate tax exclusion for 2023 has increased to $12.92 million. This is the total amount that can be given by one person dur...

The estate tax exclusion has increased to $12.06 million. This is the amount one person can pass gift and estate tax free during their life or upon de...

Effective in 2020, there are changes that apply to a qualified retirement account such as IRA or 401k. Designated beneficiaries will be required to di...

  In 2020, the estate tax exclusion increases to $11.58 million. The present gift exemption remains at $15,000. Most Americans can avoid any tax ...

In 2019, there will be an increase in the amount that can pass estate tax free -- one person can now pass a total of  $11.4 million during life a...

The statutes that govern a limited liability company ("LLC") have been updated in total. Chapter 7 of Title 10 now replaces the prior statut...

The estate tax exclusion has doubled with the new federal tax law which was passed this December 2017.A single person can now pass $11.2 million estat...

Protecting Families with an Estate Plan.   Most people think of Wills and death when they think of estate planning. However, the distribution of ...

As of the new year, the IRS raised the amount that can be passed estate tax free to $5.5 million. Each person can give this total amount as a gift dur...

​ If your trust is a revocable trust then your social security number can be used for any accounts titled in the name of the trust. You will not ...