The new federal tax law of 2017, The Tax Cuts and Jobs Act, modifies U.S. taxation for individuals and business. Estate Plans written prior to the enactment of this law will likely be affected by the significant changes to the federal estate, gift, and generation skipping transfer tax system.
In Estate Planning, Portability Allows a Surviving Spouse to Use a Deceased Spouse’s Unused Estate Tax Exclusion: There’s a New Game in Town!
Worst-Case Scenario Sparks Major Law Change In Pennsylvania, a power of attorney (“POA”) authorizes one person, the agent, to act on behalf of the creator of the POA. The creator of the POA is called the principal. A POA can be absolutely invaluable to a principal when used as the law intends. An agent is... Continue Reading →
No one knows what the future holds, but one thing is sure: if we leave unanswered questions about how to handle our affairs, life for those we love will be more difficult.
Life insurance can be a very important part of protecting and providing for your heirs for several reasons
Longer life and changes in social consciousness have increased concerns that can be addressed in estate planning.