Increasing Estate Tax Exemption in 2022 By: Barry E. Haimo, Esq. March 3, 2022 Each year, the federal estate tax exemption changes to reflect inflation in the US economy. And in addition to the estate tax exemption, the federal gift tax exclusion amount is increasing...
2022 Gift and Estate Law Tax Changes By: Barry E. Haimo, Esq. February 3, 2022 If you have a taxable estate, you are probably aware of both the estate tax changes and gift tax changes that happen annually. However, 2022 has brought some notable changes to both federal...
By: Barry E. Haimo, Esq. January 20, 2022 If you’ve begun planning your estate, you know the importance of protecting your hard-earned assets during and after your lifetime. But the unfortunate reality is that without the proper protection from lawsuits, your estate...
How Financial Gifts Can Protect Your Estate By: Barry E. Haimo, Esq. December 30, 2021 Many people like to give gifts. Well, what if you could gift money to friends and family and reduce the amount you have to pay in estate taxes at the same time? Typically, the...
Reasons to Consider Creating an Asset Protection Strategy By: Barry E. Haimo, Esq. December 23, 2021 Picture this: you worked really hard your entire life. You built your business from the ground up and you invested shrewdly and aggressively. You’ve got a nice nest...
What Makes Someone High Net Worth vs. Ultra High Net Worth? By: Barry E. Haimo, Esq. December 2, 2021 Planning for your future is something everyone should consider to protect their hard-earned assets and family’s security. But if you are a high net worth or ultra...
