Estate Planning Update July, 2018 2018 Annual Gift Tax Exemption: increased to $15,000 (from $14,000) per donor, per donee. 2018 Gift and Estate Tax Exemption: $11,180,000 per donor through 2025, see below. Marital Deduction for Transfers to U.S. Spouse: unlimited. 2018 Generation Skipping Tax Exemption: $11,180,000 per donor through 2025, see below. Top rate for [...]
Represented family with the implementation of coordinated estate plans for father and two married sons with assets in the United States and Mexico. Family owns farms and equipment in Mexico and real estate and businesses in the United States. DeAngelis Legal worked with the family’s corporate attorney to create an integrated succession plan and separate, [...]
Represented couple with the preparation of comprehensive estate plan, including irrevocable life insurance trust. Husband and wife with one daughter and one wage earner desired to purchase large life insurance policy to compensate for lack of assets if wage earner died. DeAngelis Legal reviewed alternatives with client and prepared a complex revocable trust and irrevocable [...]
Estate Plan Update January, 2018 2018 Annual Gift Tax Exemption: increased to $15,000 (from $14,000) per donor, per donee. 2018 Gift and Estate Tax Exemption: $11,200,000 per donor for next 8 years, see below. Marital Deduction for Transfers to U.S. Spouse: unlimited. 2018 Generation Skipping Tax Exemption: $11,200,000 per donor, see below. Top rate for [...]
November 2017 Sophisticated Estate Planning Designed, drafted and implemented sophisticated estate plan for couple with one child and estate tax issues. The estate plan included a complex revocable trust providing for survivor’s, marital and decedent’s trusts as well as an irrevocable life insurance trust or ILIT (see Advanced Estate Planning Tools) to hold a large life [...]
Estate Planning Update July, 2013 1. 2013 Annual Gift Tax Exemption: $14,000 per donor, per donee. 2. 2013 Gift and Estate Tax Exemption: $5,250,000 per donor, indexed for inflation. 3. Marital Deduction for Transfers to U.S. Spouse: Unlimited. 4. 2013 Generation Skipping Tax Exemption: $5,250,000 per donor, indexed for inflation. 5. Top rate for Federal [...]
After years of uncertainty, we finally have "permanent" estate tax legislation. The federal exemption is set at $5,250,000 and a top tax rate of 40% for estates over that amount. The legislation retained the relatively new concept of estate tax portability. The new exemption amount and the use of the term permanent should give welcome [...]
Quinn DeAngelis, P.C. Kierland Business Center 15849 N. 71st Street, Suite 100 Scottsdale, Arizona 85254 Telephone: 480.281.1512 qdeangelis@azdox.com www.azdox.com ESTATE PLANNING UPDATE July, 2012 1. 2012 Annual Gift Tax Exemption: $13,000 per donor, per donee. 2. Temporary 2012 Gift and Estate Tax Exemption: $5,120,000 per donor; Exemption scheduled to return to $1,000,000 per donor [...]
Quinn DeAngelis, P.C. Kierland Business Center 15849 N. 71st Street, Suite 100 Scottsdale, Arizona 85254 Telephone: 480.281.1512 qdeangelis@azdox.com www.azdox.com ESTATE PLANNING UPDATE August, 2011 1. 2011 Annual Gift Tax Exemption: $13,000 per donor, per donee. 2. Temporary 2011 & 2012 Gift and Estate Tax Exemptions: $5,000,000 per donor; thereafter the Exemptions are currently set [...]
Quinn DeAngelis, P.C. Kierland Business Center 15849 N. 71st Street, Suite 100 Scottsdale, Arizona 85254 Telephone: 480.281.1512 qdeangelis@azdox.com www.azdox.com ESTATE PLANNING UPDATE July, 2010 1. 2010 Annual Gift Tax Exclusion: $13,000 per donor, per donee. 2. Lifetime Gift Tax Exclusion: $1,000,000. 3. 2010 Estate Tax Tax Exclusion: Repealed ($5,000,000 or carryover basis). 4. Marital Deduction [...]
