WealthCounsel Staff


Recent Posts

Year-End Planning with SLATs: 5 Key Points For Planning, Drafting, and Funding

By WealthCounsel Staff on Sep 24, 2021 10:00:00 AM

Year-End

The Tax Cuts and Jobs Act of 2017 (TCJA) doubled the federal gift and estate tax basic exclusion amount (referred to here as “exemption”) from $5 million to $10 million (adjusted for inflation). In 2022, the federal gift and estate tax exemption is $12.06 million, which generally means that an individual can transfer $12.06 million of assets before having to pay a gift or estate tax (at a maximum rate of 40%). Unless new legislation is passed, this exemption will reset to $5 million (adjusted for inflation) on January 1, 2026. 

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Work-Life Balance: Is It Really Possible?

By WealthCounsel Staff on Sep 17, 2021 10:00:00 AM

balance

Work-life balance sounds like one of those goals that everybody strives for but nobody can achieve. The stresses of the COVID-19 pandemic have stretched us to the point where work-life balance seems like a pipe dream—or even a cruel joke. But what if you really can achieve it?

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Current Developments in Estate Planning and Business Law: September 2021

By WealthCounsel Staff on Sep 10, 2021 11:59:49 AM

monthly-recap (1)

From an extension to elect out of automatic allocations of the generation-skipping transfer (GST) tax exemption to alternative business structures for legal services, we have recently seen significant developments in estate planning and business law. To ensure that you stay abreast of these legal changes, we have highlighted some noteworthy developments and analyzed how they may impact your estate planning and business law practice.

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