Category: Estate Planning


Understanding the Portability of the Estate Tax Exemption

Understanding the Portability of the Estate Tax Exemption Many people make estate tax avoidance a priority. This makes sense considering how costly the estate tax can be if the total value of an estate exceeds the allowed exemption amount. Fortunately, there have been laws introduced to help people plan for estate taxes. For instance, did

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Considerations for Remarriage and Estate Planning

Three Considerations for Remarriage and Estate Planning in the New Year Have you remarried or are you planning to remarry in the New Year? If so, you should be aware that remarriage can have a significant impact on your estate plan. Now can be a great time to review your estate plan to make sure

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D.C. Estate Tax Exemption Reduces Significantly in 2021

As we enter the giving season, there is an additional reason to be charitable. Congress enacted a special provision that allows more people to easily deduct up to $300 in donations to qualifying charities this year.

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Using Your 529 Savings Plan as an Estate Planning Tool

Using Your 529 Savings Plan as an Estate Planning Tool Were you aware that many parents use 529 savings plans as a way to let their child’s college funds grow tax-free? These plans, however, may not be just for parents, and they do not have to be used by a specific beneficiary. There are potentially

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Can Leaving Money to Charity Benefit Your Estate?

Can Leaving Money to Charity Benefit Your Estate? If a charitable cause is near to your heart, it may be likely that you will donate time and money during your lifetime. Giving while you are living also comes with the benefit of a charitable tax deduction. Although this may not be what many people focus

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Estate Planning Opportunities You Should Implement Today

Estate Planning Opportunities You Should Implement Today With the stock market soaring and diving and the news in 2020 overtaken by COVID-19, a presidential election, and natural disasters nationwide, estate planning may be the furthest thing from your mind. But now may actually be a great time to plan for the future. Estate Planning Opportunities

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Does a Will Help to Avoid Probate?

Does a Will Help to Avoid Probate? Do you have questions about estate planning and probate? You are not alone. Understanding estate planning and probate can be tricky. Many people want to implement estate planning tools to help them avoid probate as it can be a notoriously long and expensive process. One mistake people make,

Using Your 529 Savings Plan as an Estate Planning Tool

using-your-529-savings-plan-as-an-estate-planning-tool

  Were you aware that many parents use 529 savings plans as a way to let their child’s college funds grow tax-free? These plans, however, may not be just for parents, and they do not have to be used by a specific beneficiary. There are potentially huge benefits to using your 529 savings plan as

  • Clifford M. Cohen,
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Ways Leaving Money to a Charity Can Benefit Your Estate

ways-leaving-money-to-a-charity-can-benefit-your-estate

If a charitable cause is near to your heart, it may be likely that you will donate time and money during your lifetime. Giving while you are living also comes with the benefit of a charitable tax deduction. Although this may be what many people focus on when making donations, there are many other ways

  • Clifford M. Cohen,
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Potential Estate Planning Opportunities in 2020 to Implement Now

potential-estate-planning-opportunities-in-2020-to-implement-now

  With the stock market soaring and diving and the news in 2020 overtaken by Covid-19, a presidential election, and natural disasters nationwide,  estate planning may be the furthest thing from your mind. But now may actually be a great  time  to plan for the future. Here are some things to consider: The annual gift

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