• Skip to main content
  • Skip to footer

TESFAYE LAW

TRUSTS & ESTATES

Call Today (703) 705-2011
  • Home
  • Who We Are
    • About Our Firm
    • Attorney and Staff Profiles
    • About The American Academy
  • How We Can Help
    • Asset Protection & Business Planning
    • Elder Law and Medicaid Services
    • Estate Planning Services
    • Family-Owned Businesses
    • Immigration Estate Planning
    • Incapacity Planning
    • IRA & Retirement Planning
    • Legacy Planning
    • LGBTQ Estate Planning
    • Pet Planning
    • Special Needs Planning
    • Trust Administration & Probate
  • Workshops
  • Resources
    • Elder Law Resources
      • Elder Law Reports
    • Estate Planning Resources
      • Estate Planning Checkup
      • Estate Planning Definitions
      • Estate Planning Reports
      • Incapacity Planning Definitions
      • Is Your Estate Plan Outdated?
      • Top 10 Estate and Legacy Planning Techniques
    • Frequently Asked Questions
      • Estate Planning FAQ’s
      • Frequently Asked Questions for Families Without an Estate Plan
      • Legacy Wealth Planning FAQ’s
      • LGBTQ Estate Planning Frequently Asked Questions
      • Trust Administration & Probate Frequently Asked Questions
    • LGBTQ Resources
    • Special Needs Resources
    • Trust Administration & Probate Resources
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • Loss of a Loved One
      • The Mourner’s Bill of Rights
      • Trust Administration & Probate Definitions
      • Things You Need To Do When a Loved One Passes Away With a Trust
      • Things You Need To Do When a Loved One Passes Away With a Will
  • Blog
  • Reviews
    • Read Our Reviews
  • Contact
Blog
arrow_downward
Home » Blog

Blog

What Estate of Marion Levine Means for Life Insurance

April 4, 2022 by Girum Tesfaye

Life insurance has long been part of Estate Plans, whether used to ensure liquidity for the estate on the death of the insured or simply as income replacement on the death of the insured. Understanding the impact of life insurance on an estate plan has become critically important. A recent tax court … [Read more...] about What Estate of Marion Levine Means for Life Insurance

How Estate Planning for a Family May Trap the Unwary Practitioner

March 1, 2022 by Juliana O'Neill

Attorneys have long advised entire families with respect to their estate planning. Ethics require attorneys to maintain a duty of loyalty to each client they represent and fully advise their clients regarding the structures they are recommending. Sometimes even when the transaction works exactly as … [Read more...] about How Estate Planning for a Family May Trap the Unwary Practitioner

Double Your Gifting with Spousal Gift-Splitting

February 7, 2022 by Juliana O'Neill

As you plan your strategy for 2022, it’s important to consider gifting, including spousal gifts. Your spouse could double your ability to make gifts of “annual exclusions” without being considered to have made a gift for estate tax purposes. Read on to learn more. … [Read more...] about Double Your Gifting with Spousal Gift-Splitting

The Evolution of our Unified Estate and Gift Tax System

February 1, 2022 by Girum Tesfaye

Many individuals think that if their estate is below a certain amount that they need not be concerned with Estate Planning.  As this article demonstrates, because the Estate Tax evolves constantly, it’s important to talk with a professional to create a plan to accomplish your goals.  Read on to … [Read more...] about The Evolution of our Unified Estate and Gift Tax System

Annual Gift Tax and Estate Tax Exclusions Are Increasing in 2022

January 15, 2022 by Girum Tesfaye

The amount you can gift to any one person without filing a gift tax form is increasing to $16,000 in 2022, the first increase since 2018. The federal estate tax exclusion is also climbing to more than $12 million per individual. The IRS’s announcement that the annual gift exclusion will rise … [Read more...] about Annual Gift Tax and Estate Tax Exclusions Are Increasing in 2022

Tax Planning for 2022

January 1, 2022 by Girum Tesfaye

Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2022 is just starting, it’s not too early to think about planning for whatever it may bring your way. Read on to learn more. … [Read more...] about Tax Planning for 2022

  • Go to page 1
  • Go to page 2
  • Go to page 3
  • Go to Next Page »

Footer

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube
Logo
Attorney Advertisement

© 2022 American Academy of Estate Planning Attorneys, Inc.