The IRS recently announced that the annual gift tax exclusion will stay the same in 2021 at $15,000. If you're married, each spouse gets an exclusion so a married couple can gift $30,000 to each individual without creating a tax liability or necessity for reporting.
Your annual exemption is per person, so if you have 3...
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Wills Are Public Documents
A lot of people ask our office what the difference is between Wills and Trusts. There are several key advantages to trusts, depending on your estate planning needs. One advantage to our readers who value privacy is that a well-crafted Revocable Living Trust, if properly written AND funded, can avoid the probate process. By...
Ethical Wills
Why do we engage in estate planning? Most people would say their priorities in estate planning are protecting their assets and ensuring those assets get passed on properly.
However, we often miss the equally important goal of estate planning: passing on your values, hopes, fears, lessons learned, etc. to the next generation(s).
...The WealthCounsel Advantage
WealthCounsel is the premier estate planning organization in the United States. Quite simply, no other organization even comes close to the level of experience that WealthCounsel offers its several thousand estate planning attorneys. Asking whether or not your estate planning attorney is affiliated with WealthCounsel is crucial, because only WealthCounsel members have all of...
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Eight Tips To Avoid Nasty Estate Surprises
Came across this article on USNews that concisely talks about how to avoid some common estate planning mistakes. Some ways to avoid the mistakes include finding the right estate planning attorney, picking the right executor and trustees, and make sure your title to your assets is clear. Check out the rest of the article...
Ten Steps To Estate Planning
Just posted a new article to help those new to estate planning. Catch
Ten Steps To Estate Planning
under our Resources tab. If we can help you with your estate plan, please let us know by getting in touch with our office.
Has COVID-19 made you rethink your plan? Don't have a living will, advanced directive,...
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Estate Planning: Troubling Statistics
Did you know that approximately 70% of adults in the United States have no custom estate plan? No will, living trust, powers of attorney or living wills? If you are one of the 70% without a custom estate plan, talk to us today. It's never too late or too early to start estate planning....
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Values, Service and Experience.
We want you to choose an estate planning attorney that is right for you.
Consumers often find it difficult to select the right estate planning attorney. We cannot tell you how to choose the perfect attorney to handle your estate planning needs. Each attorney and law firm has different values, levels of...
Jeremy Attends Estate & Elder Law Symposium
Yesterday, your estate planning attorney Jeremy A. Wechsler attended the Pennsylvania Bar Institute's annual Estate & Elder Law Symposium. Jeremy believes that continuing to learn the latest estate planning techniques and case law is crucial to maintaining top standards in practice.
For instance, several key cases came through the Pennsylvania courts this...
IRA Podcasts
A great resource to learn more about IRA's, Roth conversions and more is Natalie Choate's podcast page. Natalie is one of the foremost expert on IRA's.
Should you convert your IRA to a Roth IRA? What effect does remarriage have on your retirement? What things should you avoid with your inherited IRA? Natalie's podcast page is...