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Excellent Attorney! Girum and his team are professionals, understanding and most of all, they treat their clients with respect. I was very satisfied and impressed by the service this Law firm provided me.~ Yosef
With a well-drafted estate plan in place, you can ensure your wishes are carried out and your loved ones are protected in the future. At Tesfaye Law, we have a deep understanding of the close relationship between the law and our personal and financial lives. Our legal team can thoroughly review your finances, determine your available legal options, and help you develop an effective and customized estate plan that protects everything you have and everyone you love.
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Immigration and Estate Planning
As an immigrant to this country, you will already face many significant challenges. To protect your future and avoid unintended consequences, you will need to take special care to understand how U.S. estate planning laws will impact you and your loved ones as noncitizens. Our Alexandria immigration and estate planning lawyers at Tesfaye Law are prepared to help you….
FRESH FROM THE BLOG
What’s Estate Planning Got to do with Interest Rates – Part II
As interest rates continue to climb, Estate Planning practitioners look to different planning techniques to take advantage of rising rates. Two common estate planning techniques work well in higher-interest rate environments.READ MORE...
What’s Estate Planning Got to do with Interest Rates – Part I
Interest rates were at historic lows for many years. Those rates have begun to rise in recent months and may continue to do so. Practitioners need to monitor interest rates in order to advise clients regarding the most effective Estate Planning strategies in any environment.READ MORE...
The Inflation Reduction Act
President Biden scored a win on some issues, but a loss on others when he signed the Inflation Reduction Act into law. The legislation left the estate and gift tax alone and made modest changes to the income tax. The Act will have a significant impact on those on Medicare because of the cap on out-of-pocket prescription drug costs and insulin.READ MORE...
The Internal Revenue Code grants spouses several tax benefits both during life and at death. Portability represents one of those benefits. Portability allows the surviving spouse to use the unused portion of the Applicable Exclusion Amount from their predeceased spouse. In Revenue Procedure 2022-32, the Internal Revenue Service extended the time during which a surviving spouse may elect portability without a Private Letter Ruling from two years to five years.READ MORE...
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