Estate & Tax Planning
NEWS ALERT: New Will Probate Requirements to Notify Beneficiaries, Effective July 1, 2023
June 29, 2023
Georgia has a new probate law going into effect on July 1, 2023 that imposes new and additional requirements on appointed Executors. The new statute, ...
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Q&A with Loraine: My Sister Was Adopted by my Dad. Are Her Biological Father’s Children Entitled to Her Estate?
June 20, 2023
Question: My sister, whom my late father adopted, passed recently. She had no living spouse and no children or grandchildren. Her biological dad, who is ...
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Estate Planning for Married Couples with Children from Prior Relationships (Blended Families) and for Couples without Children (Updated December 2022)
December 14, 2022
Estate planning for blended families and for those without children can raise difficult issues, but viable options normally exist to keep the parties satisfied. Blended ...
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2023 Tax Year Estate Planning Related Tax Exemption Figures as Adjusted for Inflation
November 28, 2022
While high inflation is generally bad for the economy, the upside is that various tax figures adjust upwards for inflation on an annual (or other) ...
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Portability Can Now Be Elected Up to Five Years After Date of Death Without the Need for Private Letter Ruling Where an Estate Tax Return (IRS Form 706) Was Not Otherwise Required to be Filed [Rev. Proc. 2022-32]
July 27, 2022
The Internal Revenue Service (IRS) has provided good news to many families by effectively extending the time to file an IRS Form 706 and make ...
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IRS Issues “Anti-Abuse” Clawback Proposed Regulations: Important for Those Attempting to Utilize the Temporarily Doubled Basic Exclusion Amount
May 27, 2022
As we discussed in several prior Newsletters, the 2017 Tax Act temporarily doubled the exemption from the Estate and Gift Taxes, known as the Basic ...
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Estate Planning Related Tax Laws: Where Are We Now?
March 29, 2022
A. Proposed Tax Legislation As you are likely already aware, 2021 was the year of almost massive tax law changes, especially in the estate planning ...
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What Should You Do Now with Significant Federal Tax Law Changes Likely on Their Way?
June 9, 2021
In 2020, we provided a three-part newsletter series on “The Perfect Storm for Advanced Estate Planning.” The convergence of three significant variables made that time ...
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