Author – Peggy Lennon The IRS has announced the 2023 annual inflation adjustments impacting the estate, gift, and generation-skipping transfer taxes (in addition to many other tax provisions). These can be found in Revenue Procedure 2022-38, published on October 18, 2022. Starting January 1, 2023, the estate and gift tax basic exclusion amount and the...
Author – Kristen Terranova Americans are living longer, with many enjoying active, vibrant lives well past retirement. With longer lifespans, however, have also come longer periods of chronic health issues and home assistance needs for many seniors. An estimated 70 percent of adults will need some form of long term care. At the same time,...
Author – Kelley Bannon Lashley Giving back to the community is more than just a nice thing to do; it’s at the core of who we are at Deka Law Group. As part of our community service program, Deka Gives, we recently established a Donor Advised Fund at the Pasadena Community Foundation. A donor-advised fund...
Author – Kelley Bannon Lashley I recently partnered with our friends at Zonder Family Law Group to explore the estate planning implications of “gray divorce” – a divorce involving spouses over 50. Following is a recap of the blog, but to get all of the details and read the complete article, click here. Couples facing...
Author – Aubrey E. Lerner If you have a disabled beneficiary in your life, you should consider these planning options: 1) Special Needs Trust Any person with a disability can benefit from a special needs trust (also called a supplemental needs trust). A special needs trust is a trust established for a person with a...
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