Jul 25, 2017

Posted by in Blog - "Altman Speaks"

D.C. Council Approves 2018 Budget, Estate Tax Exemption Will Increase As Planned

In 2014, the District of Columbia passed a significant tax reform bill that included gradually increasing its estate tax exemption amount of $1M to match the Federal exemption level ($5.49 million) as revenue targets were met. In 2017, the exemption doubled from $1M to $2M. On June 13, 2017,...

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Jul 4, 2017

Posted by in Blog - "Altman Speaks"

Happy 4th of July

Happy 4th of July from the Altman & Associates team! Our office is closed today, but will resume normal business hours tomorrow. Have a safe holiday!...

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Jun 26, 2017

Posted by in Blog - "Altman Speaks"

Added Flexibility to Make Portability Election

The IRS, effective June 9, 2017, in Rev Proc 2017-34, gave taxpayers additional time to make a portability election on a Federal estate tax return (Form 706).  Portability is the ability of the surviving spouse to inherit the deceased spouse’s unused Federal estate tax exemption, but only if an...

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Jun 26, 2017

Posted by in Blog - "Altman Speaks"

Child heading to college

Child Heading to College? Important Estate Planning Measures This is the time of the year when high school seniors – and their parents – receive acceptance notifications from colleges and universities and enter the last phase of the college application process. Over the next several weeks,...

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Jun 19, 2017

Posted by in Blog - "Altman Speaks"

Are Your Medical Directives Easily Accessible?

Medical advance directives are an important estate planning tool that designate an individual to make decisions and act on your behalf should you have an accident or become incapacitated. In addition to preparing these documents with the guidance of an estate planning specialist, it is also...

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