Remote Execution of Legal Documents

On April 9, 2020, Governor Bill Lee issued Executive Order No. 26. It temporarily addresses a dilemma that estate planners and other attorneys have been struggling with ever since the state of Tennessee went into lockdown in response to the COVID-19 virus. How do you...

2020 ESTATE & GIFT TAX EXEMPTIONS

Edit Estate Tax Exemption (“Basic Exclusion Amount”) $11,580,000 Applicable Credit Amount $4,577,800 Generation-Skipping Transfer (GST) Tax Exemption $11,580,000 Gift Tax Annual Exclusion $15,000 Taxable Income Threshold at which Highest Rate Applies for...

May 2019 7520 Rate

The 7520 Rate Continues to Drop. The 7520 rate for May 2019 is 2.8%. The 7520 rate has consistently declined since November 2018, when it was 3.6%. A table showing historical rates since 2008 is here. Some estate planning techniques benefit from declining rates....