UPDATE: Congress Passes ABLE Act

UPDATE: Congress Passes ABLE Act

Update on the ABLE Act: From the National Academy of Elder Law Lawyers: Congress passed the ABLE Act on this week, which creates tax-favored accounts for children and adults whose disability occurred before age 26. The ABLE Act allows these tax-favored accounts to...
IRS 2015 Gift and Estate Tax Exemption Amounts

IRS 2015 Gift and Estate Tax Exemption Amounts

The IRS announced the 2015 Gift and Estate Tax Exemption Amounts, along with other tax changes, here.  For persons dying in 2015, the Federal Estate Tax exemption amount has increased to to $5,430,000, up from the 2014 exclusion amount of $5,340,000.  This means that,...
UPDATE: Congress Passes ABLE Act

Advocacy Alert – Sharing Post from NAELA

The National Academy of Elder Law Attorneys asked its members to share this post: “This Week: House Could Vote on Tax-Favored Accounts for Some Persons with Disabilities The House may potentially vote on a bill this week that would create tax-favored accounts...