Overview In an unprecedented gesture of fiscal generosity, Congress passed the Tax Cuts and Jobs Act on November 2, 2017, and increased the federal estate and gift tax exemption from $5.49 million to $11.18 million. Subsequent inflationary adjustments have increased...
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Posts for 'Brendan M. McGrory'
Different Forms of Ownership Affect How Assets Pass at Death
This article provides a general overview concerning how assets pass at the death of the owner. As highlighted below, an effective estate plan requires careful attention to how one’s assets are owned during lifetime and how such lifetime ownership will impact their...
Should I Select a Family Member to Serve as Trustee?
One of the most important decisions a client will be faced with during the estate planning process is whom to nominate to serve as trustee of his or her trust. The trustee will control the manner in which trust assets are used to support the beneficiaries of the trust...
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