Where You Live Matters, at least for Estate Planning
Did you know some states have estate tax, inheritance tax, both, or neither? But all states have individual laws governing how the assets of the deceased are determined, taxed and distributed.
Corporate Transparency Act is Here
The Corporate Transparency Act (CTA), enacted in 2021 and effective January 1, 2024, was passed to enhance transparency in entity structures and ownership to combat money laundering, tax fraud, and other illicit activities. It is designed to capture more information about the ownership of specific entities operating in or accessing the U.S. market.
Making large gifts now won’t harm estates after the 2025 exemption sunset
On November 26, 2019, the IRS clarified that individuals taking advantage of the increased gift tax exclusion amount in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to drop to pre-2018 levels. The IRS formally made this clarification in final regulations released that day.
Arizona's Private Client Estate Planners
Our guidance is multidimensional — we help clients make critical decisions that affect important personal, business, tax, civic and charitable concerns. We support and collaborate with your other key advisors to craft the optimal strategies for your family's wealth transfer objectives.
BLG proudly serves the Greater Phoenix, Scottsdale and Chandler with our local valley offices. We serve Sedona, Prescott and Prescott areas with our in home appointments.
Boland Law Group, PLLC
15100 N. 78th Way
Scottsdale, Arizona 85260