by Lisa Adler | Jan 1, 2021 | Estate Administration, Incapacity Planning, Intestate, Trusts, Wills, Wills & Trusts
The IRS has increased exemptions for 2021, which could be helpful to you. Specifically, the federal estate tax exemption has increased to $11.7 million (up from $11.58 million in 2020.) This is the amount you can transfer at your death or (as a lifetime credit)...
by Lisa Adler | Jan 1, 2020 | Estate Administration, Intestate, Trusts, Wills, Wills & Trusts
Happy New Year! Here’s what the new year brings for estate and gifting taxes. The 2020 tax changes are: The Estate and Gift tax exemption rate is increased (adjusted for inflation) to $11.58 million per individual in 2020. This is an increase from $11.4...
by Lisa Adler | Jan 1, 2017 | Wills & Trusts
Happy New Year! Tax updates for the new year: The Federal Estate Tax exemption amount has increased to $5.49 million per person. With portability, this means a married couple can collectively transfer just less than $11 Million ($10.98 Mill to be precise). The...
by Lisa Adler | Dec 3, 2014 | Estate Administration, Wills & Trusts
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,...
