It may take just 3 Republicans in the U.S. House to defeat a new Tax Cuts and Job Act (TCJA) extension and exactly 3 of the 12 Republicans, who voted against the TCJA in 2017, have been reelected to the U.S. House. BACKGROUND When The Tax Cuts and Jobs Act of 2017...
Content By Tim Wilson
Utilizing the QTIP Trust: How A Trust Can Save Your Blended Family
As it was famously sung about the Brady Bunch, you knew it was much more than a hunch and now your group must somehow form a family. Like the Brady Bunch, blended families consist of a couple and their children from previous relationships. Forming this blended family...
Privacy Protection in Estate Planning: The ABCs of Maximizing Confidentiality
Is anything private anymore? We live in a digital age where information is quick and abundant. While this is helpful in many circumstances, it may seem most concerning when it comes to your estate plan. Your estate plan includes sensitive information such as names,...
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...
LGBTQ+ Estate Planning: 5 Actions You Should Take Right Now
Gallup reports that 7.6% of U.S. adults currently identify as lesbian, gay, bisexual, transgender, queer, or another sexual orientation other than heterosexual. While this figure represents a growing trend, individuals identifying as LGBTQ+ represent a minority within...
IRS Increases 2025 Federal Estate Tax Exemption and Gift Tax Exclusions: Key Points for Taxpayers
Estate planning is a lot like putting together a puzzle. The client provides you with their box lid showing what they want the ultimate result of their plan to look like. Then, estate planners are tasked to identify and gather the various pieces and put it all...
IRS Extends Pause on RMD Penalties for Inherited IRAs
Retirement Planning and IRAs Hard-working Americans spend a lifetime trying to obtain financial stability and to then provide a financial legacy for their families. Often, the strategy to achieve such goals involves the funding of individual retirement accounts...
Young Adults and Estate Planning: Eighteen Changes Everything
They are your kids… they still need you, but the moment they turn eighteen, it can become a little more difficult to be there for them when it matters most. At the age of eighteen, Ohio law recognizes your child as an independent legal adult. Along with this new...
IRS Increases 2024 Federal Estate Tax Exemption and Gift Tax Exclusions: Key Points for Taxpayers
Introduction Estate planning is a lot like putting together a puzzle. The client provides you with their box lid showing what they want the ultimate result of their plan to look like. Then, estate planners are tasked to identify and gather the various pieces and put...