On December 22, 2017, President Trump signed into law a tax bill with sweeping legislative tax reform, with one such change limiting the deduction for property and all other state and local taxes to a maximum of $10,000.
Estates & Trusts Blog
One of the last things a young couple is thinking about when starting a family is planning for their loved ones in the event of a tragedy. Since planning for one’s disability or death is not a topic many people are comfortable discussing, they tend to put off their estate planning. Many times this results in individuals never implementing a proper estate plan. Families with young children must consider who will act as a guardian for their minor children in the event both parents unexpectedly pass away. This can be a very difficult decision for parents, as it is impossible to imagine an
The IRS has announced the retirement plan contribution limits for 2018. Highlighted below are some of those limits. For more detailed guidance, please see IRS Notice 2017-64.
When discussing estate planning, especially in the context of planning for one’s retirement, it is important to address health-related issues.