Estate Planning Resources

 

The Estate Tax Exemption May Go Down Drastically (Either Immediately or in a Few Years) – Should You Take Action Now to Reduce a Potential Estate Tax?

In the past, the amount that a person could transfer exempt from the estate tax at his or her death was fairly steady for many years. Starting around 2002, the exemption started increasing at a faster rate, going to $5 million in 2011 and then doubling in 2018. The exemption amount currently sits at $11.58 million per person and is slated to go to $11.7 million in 2021. The exemption has never been reduced in the history of the tax, although we came close a couple of times (remember the “fi ...
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Distribution Planning for Retirement Benefits: The Legal and Tax Implications of Lifetime and Post-Death Qualified Plan and IRA Distributions

Distribution Planning for Retirement Benefits: The Legal and Tax Implications of Lifetime and Post-Death Qualified Plan and IRA Distributions (PDF)

Breaking Up is Hard To Do (But It Might Be Easier with a Prenup)

Breaking Up is Hard To Do (But It Might Be Easier with a Prenup) (PDF)

Estate Planning for Digital Assets – Is it Really Necessary?

Estate Planning for Digital Assets - Is It Really Necessary? (PDF)

New North Carolina Law Radically Changes Minimum Inheritance Rights of Surviving Spouses

Most married couples want to leave the majority, if not all, of their assets, either outright or through a trust, to their spouse.  But situations often come up, particularly in second marriage situations, where a client wants to leave most or all of their assets to children from a prior marriage or other individuals rather than their current spouse.  North Carolina is one of many states where you cannot disinherit your spouse (absent a premarital agreement -- more on that in a minute).  In f ...
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Estate Planning for Digital Assets: A Web of Uncertainty

Estate Planning for Digital Assets: A Web of Uncertainty (PDF)

For media inquiries, please contact: Erin Molinaro | ekm@crlaw.com