» Tax Planning
What to Know About 2025 Gift Tax Updates
June 5th, 2025
Federal law imposes estate tax and gift tax on most transfers of money or property while a person is living and after death, with certain limited exceptions, including spousal transfers. Fortunately, the laws also provide a lifetime federal estate an…
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Categories: Tax Planning
SECURE Act 10-Year Mandatory Distribution Requirement for Inherited IRAs and 401(k)s Impacts Estate Plans
February 27th, 2020
Estate planning for inherited IRAs and 401(k) became more complicated with passage of the Setting Every Community Up for Retirement Enhancement Act of 2019 — commonly known as the SECURE Act. The new law includes a requirement applicable to many in…
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Thinking of Gifting Your House to Your Kids? (Stop! Read This First!)
December 5th, 2018
You might be thinking that transferring ownership by gifting your house to your kids is a sound estate planning idea. Maybe your home is the place you raised your family, a place that holds all your best life’s memories. It only makes sense that yo…
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