Right now, high estate tax exemptions, historically low interest rates and valuation discounting, along with proposed Biden administration tax reform to cover pandemic debt, have created a “perfect storm” for estate and tax planning. But this window of opportunity is not expected to remain open for long. Transferring your assets to a trust now can […]
Medical malpractice occurs when a hospital, doctor or other health care professional, through a negligent act or omission, causes an injury to a patient. Allegations of malpractice can sometimes be difficult to prove in court and become even trickier to pursue during the pandemic. Potential obstacles: Recent legislation makes healthcare providers immune to liability if […]
Tax Planning Major Changes Anticipated The Georgia runoff election held Tuesday resulted in Democrats winning both Senate seats. Given the Democratic presidency and majority in the House of Representatives, it is likely that we will see major changes to the estate and gift tax rules that could significantly limit opportunities for estate and tax planning. […]
Tax Planning: Major Changes Anticipated January 07, 2021 Share Twitter Facebook Linkedin Mail Copy link The Georgia runoff election held Tuesday resulted in Democrats winning both Senate seats. Given the Democratic presidency and majority in the House of Representatives, it is likely that we will see major changes to the estate and gift tax rules […]
The current financial and political climate urges us to think about controlling and preserving our assets. Be proactive in protecting your wealth – you may consider reviewing your estate planning options well in advance of the election and be ready to implement any changes before year-end. Consider estate planning in a way that benefits you […]
Selling a business is one of the most important financial decisions in a business owner’s lifetime. Given many baby boomers’ desire to retire and sell their businesses, as well as the current low interest rates making buyers’ access to financing relatively inexpensive, now may be the ideal time for business owners to sell and “get […]
Due to low interest rates and other planning factors, now is a great time to implement an estate planning opportunity known as a “Sale to a Grantor Trust.” This type of transaction takes advantage of current low rates while also reducing estate tax exposure by shifting future appreciation outside of the taxable estate. A simplified […]
Keeping up with the rapidly evolving pandemic news can be confusing and exhausting. The markets are volatile, asset values are depressed and business valuations are historically low. But this does not mean you should wait to address your estate planning. Now is the time to take action. Current market conditions have created great opportunities to […]
Although the term “family law” usually brings divorce to mind, it encompasses much more. Family law attorneys wear many hats to help settle issues affecting families, such as child custody, mediation, domestic violence, estate administration, pre- and post-nuptial agreements and litigation representation. The ordinary stress of family law issues such as divorce can be compounded […]
Good news for small business owners affected by the pandemic: a new federal aid bill passed in the Senate yesterday that would replenish funds for the Small Business Association’s coronavirus economic relief programs. This new stimulus deal is expected to provide $310 billion for the depleted Paycheck Protection Program (PPP) loans as well as an […]
