IRS Form 1041: Estates and Trusts That Must File - Werner Law Firm

IRS Form 1041: Estates and Trusts That Must File

Playwright Christopher Bullock once wrote that nothing is certain, save death and taxes. Sometimes, the two coincide, leaving behind a somewhat complicated situation. If you are not familiar with tax law, then sorting through its intricacies can be difficult. In the event of a loved one’s passing, you, or someone close to your loved one …

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Electronic Wills Are Coming Soon, But Should You Opt for One? - Werner Law Firm

Electronic Wills Are Coming Soon, But Should You Opt for One?

A movement is growing to legalize electronic wills and trusts, which would allow people to complete the whole process online, without a lawyer or notary present.   We live in a day and age where 81 percent of Americans possess a smartphone, and virtually everyone – 96 percent, as of 2016 – owns a cellphone …

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Is Your Estate Plan Up to Date? 2019 Tax Reform May Say Otherwise - Werner Law Firm

Is Your Estate Plan Up to Date? 2019 Tax Reform May Say Otherwise

In 2017, the IRS announced that the estate and gift tax exemption for individuals would be a total of $11.18 million. Then, the following year, the IRS announced another change to the estate tax, bringing that exemption up to $11.4 million. This means that any and all estate plans previously built on the basis of …

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Four Tax Changes to Know to Avoid a Surprise in 2019 - Werner Law Firm

Four 2019 Tax Changes to Know

It can be frustrating and work-intensive enough to plow through tax preparation. But completing the forms, then having to redo the work because you weren’t aware of tax law changes is even worse. Knowing current 2019 tax law is the best way to avoid either slipping up on your return or making costly, time-consuming mistakes. …

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New Estate and Gift Tax Law: Looking Ahead - Werner Law Firm

New Estate and Gift Tax Law: Looking Ahead

Last year’s unveiled new tax plan changed the game for 2018 and onwards, taking significant steps to diminish the power and reach of the estate tax and make changes to the gift tax. Eliminating the one and raising exemptions for the other have long been goals for the Republican party, and while the President’s campaign …

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The New U.S. Tax Law Must-Knows | Werner Law Firm

The New U.S. Tax Law Must-Knows

The new Republican 2018 US tax law has fought a political battle to be here, and has seen much opposition and criticism by both the public and select economists, but the pessimism surrounding the GOP’s new tax law is unfounded and may even be misleading. Regardless of whether you cash in your checks or run …

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