Monthly Archives: June 2025
What is the Estate Planning Process?
The percentage of Americans who go through the estate planning process has plummeted in recent years, all the way down to 26 percent. The reasons for the sharp decline are unclear. Most likely, however, people don’t believe they have sufficient assets to protect and believe the estate planning process is too complicated to undertake…. Read More »
How Much Money As a Gift is Taxable?
As of January 1, 2025, the annual IRS gift tax exemption is $19,000. Donors (givers) can give this amount every year to one person without filing Form 709, the United States Gift (and Generation-Skipping Transfer) Tax Return. Annual gifts over $19k may not be subject to tax, because of the $13.99 million per individual… Read More »
What is a Generational Estate?
For most people, a generational estate plan is an opportunity to create a lasting legacy. The financial legacy, which usually skips a generation, also creates an emotional legacy. Many people have little or no memory of their grandparents by the time they mature into adults. Generational estates, which normally contain real property, have been… Read More »