On April 10, 2025, the House of Representatives narrowly approved the Senate’s version of the FY 2025 budget resolution, which it passed on April 5, formally aligning both chambers on President Trump’s legislative tax agenda. This critical step unlocks the budget...
Content By Gregory Williams
Baselines and the Bottom Line: How Congress’s Choice Could Determine the Fate of the Estate Tax Exemption
As lawmakers advance toward the critical 2025 tax cliff, a key—and increasingly contentious—policy question is coming into sharper focus: What should Congress assume about the future when it scores the cost of extending the Tax Cuts and Jobs Act (TCJA)? The answer...
Act Now or Pay Later? Will Congress Extend the Higher Estate Tax Exemption Before 2026?
As we approach the end of the first quarter of 2025, estate planners and their clients are closely monitoring developments in Washington, D.C. The scheduled sunset of the increased estate and gift tax exemption is now less than a year away, and the window for...
Death Tax Repeal Bills Introduced in Congress: A Legislative Showdown Looms
Introduction New legislation to repeal the federal estate tax, often referred to as the "death tax," has been introduced in Congress. Senator John Thune (R-SD) and Representative Randy Feenstra (R-IA) have introduced companion bills in the 119th Congress—the Death Tax...
Protecting Your Family’s Legacy: Estate Planning in Columbus’ Booming Economy
Over the past decade, Central Ohio has undergone a remarkable economic transformation. Columbus and its surrounding areas have attracted major investments from tech giants like Intel, Amazon, and Google, transforming the region into a thriving economic powerhouse....
Wendy Williams’ Conservatorship Battle: A Cautionary Tale on Estate Planning
Wendy Williams’ ongoing legal battle over her financial conservatorship has reignited public debate on the complexities of incapacity planning. Although she allegedly executed a power of attorney (POA) in favor of her son, Kevin Hunter Jr., the court ultimately...
Act Now or Pay Later? Estate Planning Strategies Before the 2025 Tax Sunset
The current federal estate tax exemption levels, introduced by the Tax Cuts and Jobs Act (TCJA) in 2018, have provided historically high federal estate tax exemptions. But this period of increased exemption is expected to sunset on December 31, 2025. The recent...
What the 2024 Election Means for Estate Planning and the TCJA Sunset
Estate Planning and the TCJA Estate planners are once again preparing for the potential expiration of key tax provisions. In 2010, the federal government stepped in with The Tax Relief Act of 2010 to avoid the sunset provisions of the Economic Growth and Tax Relief...
The Essential Need for Estate Planning: Insights from an Alaskan Legal Battle
In a recent class-action lawsuit, ten disabled Alaskans have sued the State of Alaska and their court-appointed guardian. This case emphasizes the profound importance of comprehensive estate planning, extending far beyond the mere management of financial assets. It...
Understanding the Legal Framework for Race-Based Set-Aside and HUB Programs
With the National Minority Enterprise Development (M.E.D.) Week awards approaching on October 20–26, 2024, it’s an opportune time to spotlight a few programs that aim to expand opportunities for minority-owned businesses. This article will unpack the complex interplay...