Personal Tax and Estate Planning Newsletter | July 2023
In July's Personal Tax and Estate Planning newsletter we cover the expected 2026 changes to the federal gift and estate tax exemption, creating a charitable legacy, and important health care decisions and their tax implications.
Understanding the spousal lifetime access trust (SLAT) will help to you to prepare for changes coming in 2026.
It is important to protect your legacy and make sure that your charitable gifts are used for their intended purposes.
When caring for elderly parents’ decisions need to be made about nursing and long-term care and they have tax implications.
The most informed decision you can make for yourself, and family is to make health related decisions while you are healthy.
If you are over 65 and paying additional premiums with your Medicare insurance, you may be eligible for certain tax breaks.