Every year around this time, IRS publishes a Revenue Procedure that sets out the estate and gift tax limits for the following year. This year, Revenue Procedure 2014-61 sets them as follows: 1. Each individual’s “Lifetime Gift Exclusion&#…
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Why Your Beneficiary Designations Are More Important, and More Dangerous, than You Think Many of our clients spend hours pouring over the estate planning documents we prepare, cogitating on the best way to provide for their children, and insuring tha…
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Yes, there really is a week for everything. In 2008 the House of Representatives passed H. Res 1499, which encourages the distribution of estate planning information by professionals to all Americans and which supports the designation of a “Nat…
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On May 15, Maryland’s Governor signed the Maryland Estate Tax Bill, HB0739, which will raise the Maryland estate tax exemption from $1 million dollars, where it has sat for over a decade, to ultimately equal the Federal estate tax exemption in 2019…
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The Chronicle of Philanthropy released a study of charitable giving between 2006-2012, showing that lower and middle income Americans are giving more, as a share of total income than before, and that higher income Americans are giving less as a share…
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I am asked this question all of the time – in seminars, when people are calling to inquire about my services, and during the initial consultation I have with clients when we are talking about the fee. There are a lot of answers, all of them goo…
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