Preservation | Family Wealth Protection & Planning


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Posts from October 2021.
By Keith Grissom on October 29, 2021 at 9:30 AM

The latest text of the proposed reconciliation bill, titled the Build Back Better Act, published on October 28, 2021, is void of many of the prior proposed tax changes that would have upended estate planning. Changes that were included in the earlier version of the bill but not in this most recent version include:

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By Trusts & Estates Practice Group on October 28, 2021 at 4:00 PM

The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for November 2021. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications.

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By Keith Grissom on October 15, 2021 at 12:30 PM

Wolters Kluwer has released projected 2022 figures for the gift tax annual exclusion amount as well as the estate and gift tax lifetime exemption amount. These figures were determined by Wolters Kluwer using formulas contained in the Internal Revenue Code. They are based on the increase in the Chained Consumer Price Index for All Urban Consumers (C-CPI-U) for the 12-month period that ended August 31, 2021.

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