Tax Avoidance Series: How to Avoid Estate/Gift Tax with Trusts and Annuities

July 28th, 2022 (No Comments)

  The estate/gift tax is a tax based on the value of the assets an individual owns at the time of death or gave away during their lifetime. Luckily, there is a value threshold and everyone whose assets/gifts are below that threshold, avoids the death tax. This allows for practitioners to implement plans for those […]

Out with the Old… In With the New…

July 8th, 2022 (No Comments)

I keep all kind of stuff. I have the most awesome baseball glove sitting on a shelf in my basement. I can see it in my minds eye right now. The Rawlings logo, a red sewn on patch with Rawlings scrawled in cursive in white attached to this divine piece of leather. I have played […]

Avoid Estate Tax without Sacrificing the Step-up in Basis

July 6th, 2022 (No Comments)

The Estate Tax, also known as the “death tax,” is going to be a reality for many more individuals once the estate tax threshold lowers automatically in 2025. One strategy for avoiding the estate tax is to take advantage of the high exemption now. Currently, the exemption for an individual is $12.06 million. This exemption […]

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