The amount that can pass estate tax free has increased to $13.61 million per person. A married couple with the appropriate language in thei...
Sharon Ravenscroft Estate Planning Blog
Welcome to my blog covering all things estate planning, family estate planning. business planning, wills, trusts & probate.
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Congress has passed the Corporate Transparency Act ("CTA"), which went into effect on January 1, 2024. The purpose of the CTA is to prevent bad actors...
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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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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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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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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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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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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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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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