Miscellaneous

As of April 2021, the senate has released a plan for the 99.5% Act, which proposes to significantly reduce the current estate and gift tax regimes. The 99.5% act includes the following estate and gift tax proposals: Reduces the estate tax exemptions to $3.5 million. Reduces the gift tax exemption to $1 million. Limits the […]

As the United States experiences a major political shift, it is important to consider the probable changes to tax law that the new party in power will likely implement. The extreme likelihood of these changes to the current tax law and exemption limits creates a window of opportunity for clients’ to take advantage of. The repeal

Estate Tax Planning Opportunities in 2021 While the actual timing and extent of any income tax and estate tax legislation is still uncertain, there still may be time to take advantage of planning opportunities before changes are enacted. The current gift, estate and generating skipping tax (GST) exemption amount is $11,700,000 million per individual (up

Life Insurance can play a crucial role in helping achieve the legacy and financial objectives of an individual or family… Especially those with significant taxable estates. Premium Financing There are potential advantages of financing life insurance premiums. This allows the policy owner to lower their cost. As an alternative approach to funding a policy, the

The world is constantly changing, and often, the changes are unpredictable. However, the fluidity of the marketplace also makes room for and creates new and different opportunities for clients to take advantage of. Whether it is to protect their legacy, continue growing their wealth while use sophisticated tools to transfer that wealth to either their

Due to today’s political climate, it’s highly possible that Congress will hasten the drop in the estate tax exemption amount. This is why your client needs to make an untouchable and secure financial plan today. In 2019, the estate and gift tax exemption is $11.4 million per individual ($22.8 per married couple). In 2026, the