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PRESERVATION - Family Wealth Protection & Planning Blog

Articles: 1-10 of 110

Consider Going Back in Time if You Are an Estate or Trust

USA - January 26 2021 How many times have you prepared your income tax returns for the previous year, only wishing you knew then what you know now, so you could go back…

2021 Tax Rates and Exemption Amounts for Estates and Trusts

USA - January 22 2021 Now that the new year has arrived, it is a good time to catch up on the latest tax rates for estate and trust income tax brackets and exemption…

IRS lists AFRs for February 2021

USA - January 21 2021 The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for February 2021. AFRs are published monthly and represent the minimum…

IRS announces AFRs for January 2021

USA - December 18 2020 The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for January 2021. AFRs are published monthly and represent the minimum…

Today is Giving Tuesday

USA - December 1 2020 This holiday weekend, you may have tackled your holiday shopping with deals from Black Friday, Small Business Saturday and Cyber Monday. Now, you may…

2020 End-of-Year Estate Tax Planning

USA - October 27 2020 In 2020, the estate/gift and generation-skipping (GST) transfer tax exemptions are each $11.58 million per person, and the tax rate for each is 40…

Tax Planning in Uncertain Times: Spousal Lifetime Access Trusts (SLATs)

USA - October 20 2020 A Spousal Lifetime Access Trust (SLAT) is a type of trust that provides an opportunity for the grantor of the trust to utilize his or her remaining…

IRS announces AFRs for October 2020

USA - September 22 2020 The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for October 2020. AFRs are published monthly and represent the minimum…

Tax Planning in Uncertain Times: Charitable Giving

USA - August 26 2020 For those who are charitably inclined, planning techniques are available that may provide for both income and transfer tax savings in the current…

Tax Planning in Uncertain Times: Installment Sales to Intentionally Defective Grantor Trusts

USA - August 19 2020 A popular planning technique is an installment sale to an Intentionally Defective Grantor Trust (IDGT) in order to freeze the value of assets in an…