Blog Author: Stephen C. Hartnett, J.D., LL.M. (Tax), Director of Education, American Academy of Estate Planning Attorneys, Inc. As we start off the New Year, we need to think of…tax planning! Some years Congress tweaks the laws more than in other years. While 2022 held plenty of events: the war in Ukraine, an improved “bivalent” coronavirus vaccine addressing new coronavirus variants, the U.S. midterms elections, etc., it was a relatively quiet year for legislative changes impacting planning. … [Read more...] about Tax Planning for 2023
Is a Person Who is Not a US Citizen Subject to the Federal Estate Tax? (VIDEO)
In this vlog, Litherland, Kennedy & Associates Attorney Justin M. Kennedy discusses whether a person who is not a US citizen is subject to the federal estate tax. … [Read more...] about Is a Person Who is Not a US Citizen Subject to the Federal Estate Tax? (VIDEO)
2023 Estate Tax Exemption and Gift Tax Exclusion Update (Video)
In this Vlog, Attorney Maggie A. LaBranch-Gonzales discusses the 2023 Estate Tax Exemption and the 2023 Gift Tax Exclusion. … [Read more...] about 2023 Estate Tax Exemption and Gift Tax Exclusion Update (Video)
Do I Pay Income Taxes on Living Trust Payouts?
The revocable living trust is a very versatile estate planning tool that can be the ideal choice for a wide range of people. Before we look at the taxation question, we will explain a few of the benefits so you understand why living trusts are so effective. Probate Avoidance Some people assume that the executor of a will can act independently without supervision, but this is not the case. The will must be admitted to probate, and a court would provide supervision during the administration … [Read more...] about Do I Pay Income Taxes on Living Trust Payouts?
President Biden’s Proposed Tax Plan (VIDEO)
In this Vlog, Attorney Justin M. Kennedy discusses President Biden's Proposed Tax Plan. … [Read more...] about President Biden’s Proposed Tax Plan (VIDEO)
Community Shred Day 2022 (VIDEO)
Thank you to everyone who participated in our 2022 Community Shred Day on May 7th. Together we raised $1,101 for the Alzheimer's Association. … [Read more...] about Community Shred Day 2022 (VIDEO)
California Probate Thresholds (VIDEO)
In this Vlog, Attorney Justin M. Kennedy discusses the 2022 updated California Probate Thresholds. … [Read more...] about California Probate Thresholds (VIDEO)
Repeal the Death Tax Act Initiative (VIDEO)
In this Vlog, Attorney Justin M. Kennedy discusses the Repeal the Death Tax Act Initiative. This video was published on 4/12/22. Please note that this initiative did not receive enough signatures to make the November 2022 ballot You can view the fact sheet on the Repeal the Death Act Initiative here. … [Read more...] about Repeal the Death Tax Act Initiative (VIDEO)
Estate Planning Conference Discusses “For the 99.5% Act,” SECURE, and More
Blog Author: Stephen C. Hartnett, J.D., LL.M. (Tax), Director of Education, American Academy of Estate Planning Attorneys, Inc. The Heckerling conference in Estate Planning is the country’s largest professional gathering in Estate Planning. The conference examines many areas of interest to Estate Planning and Elder Law professionals. It pays particular attention to items of current interest. Last year’s conference was in January 2020, shortly before the beginning of the COVID-19 pandemic. … [Read more...] about Estate Planning Conference Discusses “For the 99.5% Act,” SECURE, and More
LGBTQ+ Estate Planning Frequently Asked Questions (VIDEO)
In this video, Attorney Maggie A. LaBranch-Gonzales answers LGBTQ+ frequently asked estate planning questions. … [Read more...] about LGBTQ+ Estate Planning Frequently Asked Questions (VIDEO)