The Internal Revenue Service (IRS) recently extended the time to elect portability of the deceased spousal unused exclusion (DSUE) amount for estates not otherwise required to file an estate tax return. After getting swamped with extension requests from taxpayers who missed the two-year deadline, the IRS announced that it would allow five years to make a late claim on portability. Read on to learn more about this change and how it applies to your estate planning clients.

Interest rates have been climbing steadily throughout 2022, as the Federal Reserve System continues to battle an inflation rate that recently reached a forty-year high. This economic environment lends itself to certain estate planning strategies that take advantage of high interest rates. Keep reading to learn which estate planning tactics are best when interest rates are elevated.

Practicing law can sometimes seem like just that: practice. You may wonder, when will the meaningful work begin? If you feel like you are simply accomplishing tasks and checking items off your to-do list, maybe your law career needs something new. Are you feeling burned out or longing to start your own practice? If you are looking for a future in which you get to perform work that matters to you while maintaining a life outside the office, estate planning may be a good fit, and it has several advantages if you need a new direction. Keep reading to learn more about this fulfilling area of the law.