The pandemic has a lot of Americans thinking long-term about their health and the possibility of no longer being with loved ones. As a result, there’s been a renewed interest in wills and estate planning. If you haven’t set up a will or an estate plan yet, you’re not alone, over 40% of Baby Boomers
It is a good idea to periodically review your estate planning documents. The first task, many times, is to just find them. It is fairly common for folks to know that they executed documents years ago, but be unable to find the originals. If you can locate the originals, a person should secondly determine whether the choices made those
National Healthcare Decisions Day will be Tuesday, April 16, 2013. The Cole County Bar Association will be providing free assistance with completion of healthcare directives and durable healthcare powers of attorney from 10 a.m. – 2 p.m. at the following locations in Jefferson City – – Clark Senior Center, 1310 Linden Drive, Jefferson City, Missouri – Missouri River
It appears that the Fiscal Cliff Deal will, among other things, bring some certainty to the Federal Estate Tax system that has been lacking for the last thirteen years, or so. Reports indicate that the legislation will make permanent the existing exclusionary amount and portability provisions, while the tax rate for amounts beyond the exclusionary amount will increase (the top
The amount exempt from the federal estate tax will grow to $5,120,000 for 2012, while the annual gift tax exclusion will remain at $13,000 for the same year. Unless Congress acts, the federal estate tax exemption will fall to $1,000,000 in 2013.