Insight on Estate Planning - June/July 2018
Here’s a brief glance at what you’ll find in the June/July issue…
Tax Cuts and Jobs Act supercharges exemption portability
Somewhat lost in the clamor of the tax changes enacted by the Tax Cuts and Jobs Act is the fact that the new law preserves the “portability” provision for married couples. Portability allows an estate to elect to permit the surviving spouse to use any of the deceased spouse’s available estate tax exemption that is unused at his or her death. This article details why the increased gift and estate tax exemption amount makes portability a more powerful technique. A sidebar notes how the generation-skipping transfer tax exemption is treated under the new law.
When a smart business decision also makes estate planning sense
If a person owns a business with one or more individuals, drafting a buy-sell agreement is smart estate planning, as the business interests likely represent a substantial part of his or her estate. This article explores the benefits of a buy-sell agreement.
Picking up stakes
Understand the tax and estate planning implications of moving abroad
There are many good reasons to move abroad, such as retirement or to begin a new career. But before finalizing plans, a thorough review of financial and estate plans is in order. This article answers key estate planning questions to consider before moving to another country.
Estate Planning Pitfall
You’re not taking advantage of your lifetime gift tax exemption
Given the substantially increased combined gift and estate tax exemption amount established by the Tax Cuts and Jobs Act, now is the time to re-examine lifetime gift-giving strategies. This brief article explains why making lifetime gifts is less likely to result in estate tax liability.
To view a PDF of the newsletter with full articles, click here.
FAQs: Mandatory COVID-19 Vaccines and the Automotive & Manufacturing Industries
Join us for a presentation where we will share the considerations, implications, and answer your frequently asked questions surrounding the implementation of mandatory COVID-19 vaccines.
Tea & Tidbits: Benefits Strategies for Small Employers
June’s discussion will center around benefit strategies for start-ups or employers who are small and aren’t sure if they can offer benefits at all.
Religious Accommodations: What Every Employer Needs To Know
This webinar will discuss the practical and legal issues relating to religious accommodations. This includes determining whether an employee has a sincerely held religious belief, what information you can request in connection with a request for a religious accommodation, and whether a request for an accommodation is reasonable.