When to Consider Discretionary Trusts for Your Estate Plan

May 29, 2025
Brian Hicks
Estate Planning, Our Blog, Probate & Trust Administration, Wills & Trusts

Leaving your hard-earned assets outright to your children, grandchildren, or other loved ones after you die may seem like the simplest way to pass on your legacy. But what appears straightforward can often expose those assets to unnecessary risk, from creditors...

IRS Announces 2025 Gift and Estate Tax Exemptions

The Internal Revenue Service (IRS) has released its tax inflation adjustment figures for tax year 2025. Annual Gift Tax Exclusion Effective January 1, 2025, you will be able to make individual gifts of up to $19,000 in the calendar year (an increase...

2024 Annual Gift and Estate Tax Exemption Adjustments

February 8, 2024
Tim Larson
Estate Planning, Our Blog

With the arrival of the new year, revisions to the annual gift tax and estate tax exclusions will be going into effect, as recently announced by the Internal Revenue Service (IRS). Gift Tax Exemption for 2024 Every calendar year, you can gift...

How Will Tax Law Changes Impact Your Estate Planning?

March 7, 2022
Tim Larson
Estate Planning

Tax law changes are poised to have a significant impact on some of the more commonwealth transfer strategies for estates. While new details emerge on changes being made, it is critical to understand how these possible tax changes may affect…

Build Back Better Act’s Potential Impact to Your Estate Plans

December 6, 2021
Tim Larson
Estate Planning

The House Ways and Means Committee approving the tax provisions in President Biden’s Build Back Better Act (BBBA) marks a significant first step towards the bill’s passage. As the draft stands, the legislative proposal could restrict the abilities of higher…