Increasing Estate Tax Exemption in 2022 By: Barry E. Haimo, Esq. March 3, 2022 Each year, the federal estate tax exemption changes to reflect inflation in the US economy. And in addition to the estate tax exemption, the federal gift tax exclusion amount is increasing...
2022 Gift and Estate Law Tax Changes By: Barry E. Haimo, Esq. February 3, 2022 If you have a taxable estate, you are probably aware of both the estate tax changes and gift tax changes that happen annually. However, 2022 has brought some notable changes to both federal...
How Financial Gifts Can Protect Your Estate By: Barry E. Haimo, Esq. December 30, 2021 Many people like to give gifts. Well, what if you could gift money to friends and family and reduce the amount you have to pay in estate taxes at the same time? Typically, the...
Biden’s Proposed Changes to Capital Asset Taxes: How Could They Affect You? By: Barry E. Haimo, Esq. November 4, 2021 President Biden has made sweeping policy changes in a short amount of time since entering office, and some people are curious how the new...
How to Use Your Estate Plan to Save on Taxes Even with Interest Rates So Low By: Barry E. Haimo, Esq. November 19, 2020 Due in part to COVID-19 economic recovery efforts, interest rates are at a historic low right now. This has created a number of estate planning...
Don’t Forget How Much the Annual Exclusion Gift Can Save You Tax planning for your estate can quickly become complicated. There are many strategies available, which can seem overwhelming if you’re looking for every little advantage you can get. Paying attention...
