Broker Check

Estate Planning

In our recent survey of clients the most requested topic for additional education was "estate planning."  Often the idea of getting your legal stuff organized and updated with a document(s) seems to be normal approach for many. While the basic documents of will, healthcare directives, power of attorney and living will are essential docs there is a lot more to the planning process. We invite your questions and more importantly the conversation around your values and your objectives. One of my friend's describes a successful estate plan as one where the family members all still love each other 1 year after you died.  Check out the video's below for some ideas that will likely spring some great questions.

What To Do When
Loved One Is Terminal

Will & Guardianship
Explained

5 Legacy
Inheritances

Estate Settlement Tool

Docs Vs. Estate Planning

Intro to my podcast

Serving As Family
Trustee

Death of Family
Member Checklist

Life Insurance
Trust ILIT

Legal Revocable
Trust Explained

What Overrules Wills
and Trust?

How You Might Leave
Your Estate In Conflict

Estate Planning Basics Webinar Recorded

Fire Drill or Life Boat Drill

Everything Trusts Webinar Recorded


Your Charitable Planning Options



Are You Prepared for an Estate Tax Sunset?
The federal estate tax threshold rose to $24.12 million in 2022 for married couples and $12.06 million for individuals, as part of the Tax Cuts and Jobs Act (TCJA). Like several TCJA provisions, the higher estate tax limit is due to sunset in 2025. Barring congressional action, the exemption amount will return to about $6.2 million, adjusted for inflation, in 2026. Similarly, the current 40% maximum gift and estate tax rate will increase to 45%.

For high-net worth individuals, this could influence wealth transfer strategies. Although this sunset is coming, the good news is that it's still a few years away.

And there's more good news: your financial professional can help you with your estate strategy, regardless of whether Congress decides to maintain the current threshold. Now may be an excellent time to get together and start thinking about your post-2025 strategy. I look forward to your call.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG, LLC, is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright FMG Suite.