During the 2020 election campaign, President Joe Biden proposed certain changes to the Internal Revenue Code, which among other things, could change the current law on estate and gift taxation. There are two possibilities you should be aware of: the lowering of the estate tax exemption and the elimination of the stepped-up basis on death. The first would affect only … Read More
Getting Engaged? In Sickness and in Health… Here Comes the Will
Thinking of getting engaged this Valentine’s Day? You are not alone! Valentine’s Day is one of the most popular days to pop the question. Love often makes us see the world through rose-colored glasses with romantic notions and dreaming of riding off into the sunset into your “happily ever after.” While all these things are to be celebrated, there are … Read More