IRS Releases 2020 Inflation Adjustments

IRS Releases 2020 Inflation Adjustments

In Revenue Procedure 2019-44, the IRS has released the official inflation adjustments for 2020, and the adjustments relevant to estates, trusts and gifts are all as expected. For an estate of any decedent dying in calendar year 2020, the basic exclusion amount will be...
The State of Estate Taxes

The State of Estate Taxes

Sen. Bernie Sanders (I-VT.) recently unveiled a plan to dramatically expand the federal estate tax on the wealthy, including a new 77 percent rate on billionaires’ estates, as leading Democratic politicians push new taxes on the richest Americans to combat...
Long-Term Care Awareness Month

Long-Term Care Awareness Month

National Long-Term Care Awareness Month is an annual designation observed in November. Did you know that 70% of men and women over the age of 65 will need some kind of long-term care services? This kind of care can be very expensive and take a toll on the family as a...
Select States Still Pursuing Fiduciary Rules

Select States Still Pursuing Fiduciary Rules

When an appeals court vacated the Department of Labor’s fiduciary rule, many states decided to take the fiduciary issue into their own hands. Then, the Securities and Exchange Commission put forth a rule package that would require brokers and advisors to act in...