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Strategic Gift Giving: A Smart Approach to Estate Tax Reduction
Dec 14

Strategic Gift Giving: A Smart Approach to Estate Tax Reduction

At Wilson & Wilson Estate Planning & Elder Law LLC, we understand that tax-efficient wealth transfer is a priority for many of our clients. Fortunately, only…

I want my 401(k) and IRA to go to my spouse when I die — should I name them or my trust as beneficiary?
Jun 14

I want my 401(k) and IRA to go to my spouse when I die — should I name them or my trust as beneficiary?

As is the case with many questions regarding legal matters, this depends on some different factors. It is more simple to name your spouse directly, and…

5 Ways a Democratic Controlled White House, Senate, and House Could Affect Your Estate Planning
Feb 15

5 Ways a Democratic Controlled White House, Senate, and House Could Affect Your Estate Planning

Estate planning attorneys saw a lot of 2020 year-end gifting. Many people are trying to plan for the possibility of some of the previous administration’s reforms…

New Tax Deduction for Charitable Gifts is Available to People Who Don’t Itemize
May 27

New Tax Deduction for Charitable Gifts is Available to People Who Don’t Itemize

Over half of all Americans give money to charity, but many have not been able to take a tax deduction since a 2017 change in the tax…

Saying “I do” again, Financial Consideration and Estate Planning for Marriage later in Life
Nov 20

Saying “I do” again, Financial Consideration and Estate Planning for Marriage later in Life

At our office we are frequently approached by elderly clients who are considering a second marriage later in life. A new romantic relationship can mean new…

‘Only morons pay the estate tax’ – Gary Cohn
Oct 03

‘Only morons pay the estate tax’ – Gary Cohn

Gary Cohn, a White House advisor on tax-planning, uttered these words to a group of senate Democrats recently.  To Cohn, his comment underscored the fact that…

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