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Sharon Ravenscroft Estate Planning Blog

Welcome to my blog covering all things estate planning, family estate planning. business planning, wills, trusts & probate.

Estate Planning Changes 2023

 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...

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Estate Tax Exclusion Change Now and in 2025

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...

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New laws for IRAs

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...

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2020 Tax Exemption Increased

  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 ...

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Updated Estate Tax Exclusion for 2019

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...

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Does my trust need its own Tax Identification number?

‚Äč 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 ...

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Avoiding Probate Guidance

Keeping the court out of your assets and business is not difficult but does require certain steps. Be sure all accounts in your name have a pay on dea...

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Why do assets need to be titled in Trust?

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Beware of Scam related to Deeds used for a trust

From time to time, there are scams where companies send official looking bills to people who recently recorded deeds to their trust or otherwise. If you receive a bill regarding a deed processing notice, property transfer service or other official looking agency, other than the county assessor's office, these likely are not real. Feel free to conta...

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Cavanagh Email is down for a bit

I am sorry for any inconvenience but Cavanagh Law Firm is switching servers and it is taking longer than we thought. So we are hoping to be back up some time this after noon June 17, 2013. Please call at 623-815-7451, or contact me through facebook.

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