Unpacking the Proposed Estate Tax Changes
In the past few weeks, it’s likely that you’ve seen attention-grabbing headlines like these: Wealthy may face up to 61% tax rate on inherited wealth under Biden planBiden’s estate tax changes will wipe out millions of small businesses. With lots of dialogue surrounding President Biden’s proposed changes, it’s worth taking a moment to unpack and understand what […]
There Should Be Nothing Cryptic About Cryptocurrency In An Estate Plan
Cryptocurrencies have a more prominent role in estate planning than they did a decade ago. Since Bitcoin was introduced 12 years ago, cryptocurrencies have steadily grown in acceptance. A recent survey showed that 10% of people in the United States now own some form of cryptocurrency. Additionally, a 2020 online survey by the Cremation Institute […]
Death and Taxes
Death and Taxes are two certainties in life. When they collide, the results can be disastrous without careful consideration and planning. The good news is that most inheritances are passed on free of tax. However, a misstep could cost you dearly with the IRS depending on the size of the estate and the type of […]