Federal Estate Tax

Home/Estate Planning/Federal Estate Tax

July 2022 Estate Planning Update

 Estate Planning Update July, 2022 1. 2022 Annual Gift Tax Exclusion: increased to $16,000 per donor, per donee. 2. 2022 Gift and Estate Tax Exemption: increased to $12,060,000 per donor through 2025, see #6. 3. Marital Deduction for Transfers to U.S. Spouse: remains unlimited. 4. 2022 Generation Skipping Tax Exclusion: increased to $12,060,000 per donor [...]

By |2022-07-29T11:30:04-07:00July 20th, 2022|Annual Estate Plan Updates, Past Newsletters, Federal Estate Tax, Estate Planning, Protecting Family Wealth|Comments Off on July 2022 Estate Planning Update

April 2022 Estate Planning for Generational Wealth

DeAngelis Legal prepared the estate plan for a young couple with generational wealth.  This project was made more complicated by one spouse’s interest in four irrevocable trusts and a myriad of out of state family businesses gifted from the spouse’s parents.  While the couple’s planning was simple, DeAngelis Legal assisted the spouse understand her rights [...]

By |2022-07-21T12:11:11-07:00May 15th, 2022|Federal Estate Tax, Recent Projects, Probate and Trust Administration, Estate Planning, Succession Planning, Protecting Family Wealth|Comments Off on April 2022 Estate Planning for Generational Wealth

October 2021 Estate Planning

DeAngelis Legal assisted a Sedona high net worth couple with a comprehensive review of their estate planning documents, including their wills, trust, and family limited partnership.  DeAngelis Legal met with the couple to learn about their objectives, reviewed their current plan and made recommendations, prepared documents updating their plan to make it consistent with their [...]

By |2022-07-21T12:08:23-07:00November 15th, 2021|Recent Projects, Federal Estate Tax, Estate Planning, Succession Planning, Protecting Family Wealth|Comments Off on October 2021 Estate Planning

July 2021 Estate Planning Update

 Estate Planning Update July, 2021 1. 2021 Annual Gift Tax Exclusion: remains at $15,000 per donor, per donee. 2. 2021 Gift and Estate Tax Exemption: increased to $11,700,000 per donor through 2025, see #6. 3. Marital Deduction for Transfers to U.S. Spouse: unlimited. 4. 2021 Generation Skipping Tax Exclusion: increased to $11,700,000 per donor through [...]

By |2021-08-04T17:56:26-07:00July 20th, 2021|Past Newsletters, Annual Estate Plan Updates, Federal Estate Tax, Estate Planning, Protecting Family Wealth, Uncategorized|Comments Off on July 2021 Estate Planning Update

April 2021 Sophisticated Estate Tax Planning

New Scottsdale client relocating from Nevada asked DeAngelis Legal to review her estate plan documents prepared by a firm in Nevada.  The sophisticated estate tax plan included a revocable trust, irrevocable trust and family limited partnership.  DeAngelis Legal provided a summary of the documents and recommendations.  After reviewing the suggestions with the client, DeAngelis Legal [...]

By |2021-06-25T17:12:43-07:00May 15th, 2021|Federal Estate Tax, Recent Projects, Estate Planning, Protecting Family Wealth|Comments Off on April 2021 Sophisticated Estate Tax Planning

Top 7 Tips for Estate Planning

Here are our Top 7 Tips for Estate Planning this year: Review K-1s and 1099s. These documents should show your trust or you as trustee or its abbreviation “TR.”  If not, the asset is most likely title in your individual name and should be transferred to the trust.  This is especially true if the asset [...]

By |2021-01-26T19:25:42-07:00January 25th, 2021|Past Newsletters, Federal Estate Tax, Probate and Trust Administration, Estate Planning, Protecting Family Wealth|Comments Off on Top 7 Tips for Estate Planning

January 2021 Estate Planning Update

Estate Planning Update January, 2021 2021 Annual Gift Tax Exclusion: remains at $15,000 per donor, per donee. 2021 Gift and Estate Tax Exemption: increased to $11,700,000 per donor through 2025, see #8. Marital Deduction for Transfers to U.S. Spouse: unlimited. 2021 Generation Skipping Tax Exclusion: increased to $11,700,000 per donor through 2025, see #8. Top [...]

By |2021-01-26T19:26:49-07:00January 25th, 2021|Past Newsletters, Annual Estate Plan Updates, Federal Estate Tax, Estate Planning, Succession Planning, Protecting Family Wealth|Comments Off on January 2021 Estate Planning Update

December 2020 High Net Worth Estate Tax Planning

Assisted high net worth Paradise Valley family with the overhaul of their estate plan.  Their current plan was outdated.  DeAngelis Legal had several meetings with parents, provided alternatives for their desire to take advantage of current estate and property tax laws to minimize taxes, provide for future generations and protect the wealth from creditors.  In [...]

By |2021-01-25T18:12:11-07:00January 15th, 2021|Federal Estate Tax, Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on December 2020 High Net Worth Estate Tax Planning

November 2020 Estate Tax Planning

Assisted long time high net worth Scottsdale couple with the review and analysis of their complex estate plan.  DeAngelis Legal reviewed their current plan, updated tax projections based on various scenarios and provided various recommendations for utilizing their remaining gift, estate and GST tax exemptions.  DeAngelis Legal is also preparing the additional spousal lifetime access [...]

By |2020-12-04T16:51:15-07:00December 15th, 2020|Federal Estate Tax, Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on November 2020 Estate Tax Planning

November 2020 Election Results

With the Democrats capturing the presidency and holding on to a majority in the U.S. House of Representatives, all eyes are focused on the Georgia Senate race.  The remaining candidates in each race will advance to a runoff election on January 5, 2021. The Democrats need to pick up both Georgia seats to gain control [...]

By |2020-12-04T16:36:25-07:00November 23rd, 2020|Federal Estate Tax, Recent Projects, Homepage|Comments Off on November 2020 Election Results