Bringing you peace of mind.®

Estate and Gift Tax

After over a decade of uncertainty in the estate and gift tax area, 2013 has finally brought a permanent estate tax exclusion of $5,250,000, which will go up with inflation. Congress must now make an affirmative choice to change the exclusion in the future, instead of simply letting the rates expire. But that is certainly a possibility, and I will work with you to determine how your beneficiaries can retain as much of your estate as possible. Strategies available include setting up a trust, transferring assets before death, joint ownership of property, and correct use of beneficiaries on insurance and retirement plan assets.