Taxes

The Deceased Spouse’s Unused Exemption (DSUE) Amount: a Spouse’s Final Gift

Spouses often work together to build wealth for themselves and their children. Congress recognized this by enacting the gift and estate tax portability election in 2010, and making it permanent in 2012, providing married couples with a relatively simple way to potentially shield much more of their wealth from federal gift and estate taxation. If [...]

BLawton2023-02-14T22:25:49+00:00Estate Planning, Retirement, Taxes|

Retirement Planning Update

Although we are still in the midst of winter, spring is on its way. It is important to remember upcoming April deadlines for retirement contributions and required minimum distributions (RMDs), but there have also been some recent developments that may impact your retirement planning. IRS Proposed Regulations for Required Minimum Distributions In 2020, the Setting [...]

BLawton2023-02-13T15:57:17+00:00Estate Planning, Retirement, Taxes|