Posts by Will Alexander

Since the passing of the Tax Cuts and Jobs Act in 2017, the federal estate tax exemption was doubled and continues to adjust to inflation. The amount has grown to $13.61 million per individual. This amount is scheduled to be roughly cut in half upon the sunset of the rules in 2026. Yet the possibility of…

When choosing where to live there are many factors that we take into consideration: proximity to friends and family, career opportunities, geographic/climate preferences, etc. While many of these choices are preferential to the individual, there is another factor that is likely unanimously one-sided: Cost of living. Who wouldn’t prefer it to cost less to live…

Several articles ago, we discussed taking advantage of the annual gift exclusion and possible reasons for making gifts to your children and/or grandchildren during your lifetime (Taking Advantage of the Annual Gifting Exclusion). We also briefly mentioned the accounts one might utilize to fulfill those gifts. As with most things in life and personal finance,…

On the last Friday of 2022, December 30th, the SECURE Act 2.0 was signed into law. The bill, which spent most of the year in a holding pattern of sorts, had overwhelming bipartisan support. Much like its predecessor, the SECURE Act that was passed in 2019, the changes are going to have broad implications on…

When it comes to estate planning, the focus tends to fall into two areas: ensuring that assets flow to the correct beneficiaries at death and minimizing estate taxes through gifting strategies. While the former applies to everyone, the latter may not be an issue for most. This does not mean, however, that there are no…