by Arthur Geffen | Aug 30, 2018 | Estate Planning, step up
Traditionally, due to lower estate tax exemption amounts, many married couples would use bypass trusts or credit shelter trusts as part of a typical estate plan. For example, on the death of the first spouse, assets in that spouse’s revocable trust would be...
by Arthur Geffen | May 9, 2018 | Estate Planning, Estate Planning Solutions, Estate Tax
The major change to estate and gift taxes in the Tax Cuts and Jobs Act of 2017 is a doubling of the integrated estate and gift tax exemption to approximately $11.2 million1 for decedents dying and gifts made in 2018. A married couple has the benefit of two...
by Arthur Geffen | Apr 11, 2018 | Estate Planning, Estate Planning Solutions, Estate Tax
Attorneys, accountants point to family conflict as the biggest threat to estate planning. Tax reform and market volatility follow, respectively. Even with the estate tax exemption at $11.2 million per person, business owners and wealthy families need to head...
by Arthur Geffen | Mar 28, 2018 | Dallas Estate Lawyer, Dallas Probate Lawyer, Estate Planning, Estate Planning Solutions
CHERRY HILL, N.J. and NEW YORK, March 28, 2018 /PRNewswire/ — Estate planners and advisors have a surprising second job: family therapist. In fact, 44 percent of planning professionals identified family conflict as the biggest threat to estate planning...
by Arthur Geffen | Feb 15, 2018 | Estate Planning, Estate Planning Solutions
If you expect to pass on millions of dollars to your spouse and kids, and re-evaluating your estate plan isn’t on the front burner, maybe this will light a fire under you. Depending on how your will is worded, your spouse could end up with a smaller...
by Arthur Geffen | Feb 9, 2018 | Dallas Estate Lawyer, Dallas Probate Lawyer, Estate Planning, Estate Tax
Ever since the passage of the Tax Cuts and Jobs Act in December, the headlines have been buzzing about the resulting income tax consequences for individuals and businesses, but what about the intersection of the Act and estate planning? After all, nothing is more...
