In this video, Attorney Justin M. Kennedy explains the new 2026 estate tax exemption, why prior scare tactics were premature, and what this means for your estate planning going forward. … [Read more...] about 2026 Estate Tax Exemption Update: What You Need to Know (VIDEO)
2025 Federal Estate and Gift Tax Update (VIDEO)
In this vlog, Litherland, Kennedy & Associates Attorney Justin M. Kennedy discusses the 2025 Estate and Gift Tax Exemptions. Transcript: Hello, I'm attorney Justin M. Kennedy with Litherland, Kennedy and Associates, a California estate planning and elder care law firm. I want to let you know that the IRS has recently released the updated Federal Estate and Gift tax values for 2025. Currently, in 2024, the federal estate and gift tax exemption is $13.61 million … [Read more...] about 2025 Federal Estate and Gift Tax Update (VIDEO)
2024 Federal Estate and Gift Tax Update (VIDEO)
In this vlog, Litherland, Kennedy & Associates Attorney Justin M. Kennedy discusses the 2024 Federal Estate Tax and Gift Tax Exclusion. … [Read more...] about 2024 Federal Estate and Gift Tax Update (VIDEO)
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)
Five Years to Elect Portability (VIDEO)
In this Vlog, Attorney Justin M. Kennedy discusses Revenue Procedure 2022-32 and how the period for a surviving spouse to elect portability has been increased to five (5) years from the date of death of their deceased spouse. … [Read more...] about Five Years to Elect Portability (VIDEO)
Trustee Tax Liability (VIDEO)
In this Vlog, Attorney Justin M. Kennedy discusses the federal priority statutes and how they can create personal tax liability for a Trustee. … [Read more...] about Trustee Tax Liability (VIDEO)
