Blog Posts in 2018

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  • Modifying Irrevocable Trusts
    Modifying Irrevocable Trusts

    My grandmother set up a trust of which I am a beneficiary. She has passed away and I am told the trust can’t be changed. There are provisions in the trust that do need to be modified. Is that ...

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  • I heard there is a change in the federal estate tax law. What is it?
    I heard there is a change in the federal estate tax law. What is it?

    Effective January 1, 2018, the new federal estate tax exemption amount was increased to $11,200,000 per person. That means a husband and wife can leave combined assets of $22,400,000 without paying ...

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  • Can I still make a $10,000 gift to an individual without  having to worry about gift taxes?
    Can I still make a $10,000 gift to an individual without having to worry about gift taxes?

    Yes. On January 1, 2018, the amount of what’s called the annual exclusion amount from gift taxes was increased to $15,000. There is no problem with you giving up to $15,000 to any one individual in ...

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  • If I leave something in my will to a certain person does that guarantee  that he or she will receive it?
    If I leave something in my will to a certain person does that guarantee that he or she will receive it?

    If I leave something in my will to a certain person does that guarantee that he or she will receive it? Whether or not someone will receive an asset that you left him or her in your will at your death ...

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