Blog - "Altman Speaks"

IRS 2025 Inflation Adjustments to Estate, Gift and Generation-Skipping Tax Exemptions

The IRS released the 2025 annual inflation adjustments for various tax provisions. Effective January 1, 2025, the estate and gift tax exclusion amount and the generation skipping transfer (“GST”) tax exemption are scheduled to increase from $13,610,000 to $13,990,000. This is an increase of $380,000 per person or $760,000 for a married couple. Individuals who […]

New Beneficial Ownership Information Filing Requirement

We are sending you an important update regarding Beneficial Ownership Information (BOI) filing requirements mandated by the Financial Crimes Enforcement Network (FinCEN). As of January 1, 2024, all entities registered with a state, including corporations, LLCs, and similar entities, must disclose their beneficial owners. This is a significant change; failure to comply with these new […]

Client Scenario

A client approached me with an estate problem: her mother passed away in December 2023, and she received an inheritance from her, but my client will receive the inheritance outright and free of trust. My client's concern was that she wanted to make sure her children (and not her spouse’s children) would receive the inherited assets […]

Intrafamily Loans and How They Work

Often, I am asked for my opinion on making loans to family members. The client’s son wants to purchase a new home but wants his inheritance now to do so. An intrafamily loan is a financial arrangement between family members—one lending and another who is borrowing. An intrafamily loan may help a family member who […]

Millennials: The Time to Plan Is Now

As a millennial, your unique concerns and values are not just personal attributes but also significant in shaping the world. You are not just a part of the workforce but a crucial contributor. You are also the recipient of the great wealth transfer, a significant financial responsibility you must prepare. Estate planning is not just […]

Estate Planning for Expatriates

The United States hosts the highest number of immigrants in the world, but increasingly, Americans say they are looking to relocate permanently to another country. A large percentage of wealthy Americans are also interested in buying real estate overseas and living there at least part-time. While moving overseas is often a lifestyle decision, the practical […]

Review Your Estate Plan

When was the last time you reviewed your estate plan? Despite our regular reminders every four years, only some people take the time to review it. While it may not lead your mind, managing your strategy is crucial. I have listed reasons you should do this soon, and your active participation in this process is […]

What Happens to An Adult Child Living at Home When Their Parents Pass Away

Adult Children Living at Home More young adults live at home with their parents today than ever since the 1940s. While there are many opinions about this trend and the cause of its recent prevalence, the primary motivation for young adults staying at home with their parents is usually related to finances. Most adult children […]

What Happens to Your Digital Accounts at Your Death?

Some have said that nothing ever dies on the Internet. While this dictum is typically used as a warning that what we put online may come back to haunt us, our online accounts can outlive us and even live in perpetuity. Having a digital estate plan that arranges what happens to these accounts when we […]

Celebration

I have been transfixed and captivated by the Olympic Games. As a massive fan of sports, I have enjoyed watching athletes from around the world come together to compete in their sports. To celebrate their achievements, whether winning a medal or not, is inspiring because everyone is the best in their country of origin. An […]

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Recent Posts

Happy Thanksgiving from the Altman Team

IRS 2025 Inflation Adjustments to Estate, Gift and Generation-Skipping Tax Exemptions

Veterans Day 2024

New Beneficial Ownership Information Filing Requirement

How Concerned Should You Be about Estate Tax Issues?

Series on Estate Tax: The Countdown Begins

Client Scenario

Intrafamily Loans and How They Work

Millennials: The Time to Plan Is Now

Estate Planning for Expatriates

1 2 3 … 77 Next »