Blog

A Win for Taxpayers: Transfer Tax Clawback Eliminated

Michael Kling  |  January 14, 2020

In 2017 when the Tax Cuts and Jobs Act (TCJA) was signed into law, it made significant changes to gift and estate transfer taxes. These changes were effective starting in 2018 and continue through 2025. One of the biggest changes was doubling the basic exemption amount—me...

Continue Reading
Legacy spelled with wooden blocks

Leaving an Ethical Will as Part of Your Estate Plan

Michael Kling  |  December 12, 2019

In estate planning, we spend a lot of time working on the provisions of your will and trust documents. Expressing your intent in these documents is vitally important to ensuring your wishes are carried out. We also encourage our clients to talk to their loved ones about t...

Continue Reading
Life Insurance as part of estate planning

Life Insurance as Part of Your Estate Plan

Michael Kling  |  November 14, 2019

In estate planning, what we do revolves around your wealth, how it might grow in the future, and what you want to provide for your heirs. When you have substantial wealth and want to pass on substantial wealth, there are lots of options. Since estate planners are not clai...

Continue Reading
Stack of books on shelf

The Words of Your Estate Plan Matter

Michael Kling  |  October 16, 2019

Did you know that best-selling author Tom Clancy’s estate ended up being the focus of a massive tax bill dispute between four of his children and his second wife? The controversy arose from an awkwardly written phrase in a codicil to Clancy’s will. The original will divid...

Continue Reading
Money with calculator

How to “SECURE” Your Retirement Savings

Michael Kling  |  September 13, 2019

Earlier this summer, the House of Representatives nearly unanimously passed the Setting Every Community Up for Retirement Enhancement Act, aka the “SECURE Act.” This legislation proposes some of the biggest changes to retirement savings plan legislation since the 2006 Pen...

Continue Reading