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The Estate of Richard Simmons

Fitness icon Richard Simmons, known for his flamboyant personality, high energy, and trademark attire, passed away in July 2024 following a fall at his Los Angeles home. I remember his television exercise shows. Because of a legal dispute between his longtime housekeeper, Teresa Reveles Muro, and his brother, Leonard (Lenny) Simmons, the star's estate is […]

What is ETIAS? Essential Information for Travelers to Europe

For those of you traveling to Europe, this is an excellent explanation of the new ETIAS rules. We would like to acknowledge Cruise Planners for this valuable information. Read more about their insights below. "Starting in 2025, non-European Union (EU) tourists planning to visit Europe’s Schengen Zone will need to apply for the European Travel […]

Best of Bethesda 2025: Trusts & Estates Attorney

We did it! Congratulations to Gary Altman and the Altman Team, recently designated the Best of Bethesda, Trust, and Estates Attorney by Bethesda magazine. A significant milestone in the local community, this accomplishment would not have been possible without the Altman Team's hard work, dedication, and commitment. Serving the Washington, DC metro area for nearly […]

New Year's Eve Trivia and Fun Facts

Americans are known for their “work hard, play hard” mindset. On average, we work 1,789 hours per year.1 However, in our play-hard mentality, we do not stay up to see the ball drop on New Year’s Eve.2 Less than one-third of Americans plan to either attend or host a New Year’s Eve party,3 while more than half will […]

Welcome Andrew White

Join us in welcoming Andrew White to our estate planning law firm. Andrew brings many talents to our bench of attorneys, advising on the taxation of estates and trusts, estate administration, creditor protection, and the issues surrounding planning for blended families. He is also knowledgeable in Medicaid asset protection and Veterans Affairs benefit planning. Andrew […]

Unveiling the Impact of Charitable Giving

Compared to residents of other wealthy nations, Americans are more likely to give their time and money to help others. In 2023, the United States ranked ninth in per capita gross domestic product (GDP) but fifth on the World Giving Index rankings.1 Polling shows that Americans trust nonprofits more than government or business. Still, they […]

Corporate Transparency Act Preliminarily Enjoined Nationwide by a Texas Federal Court

The Corporate Transparency Act (CTA) News The CTA requires reporting companies to file a report with the Financial Crimes Enforcement Network, known as FinCen, by January 1, 2025. Reporting companies must provide beneficial ownership formed or registered to do business before January 1, 2024, and within 90 days following formation. On December 3, 2024, the […]

Happy Thanksgiving from the Altman Team

Wishing you a warm and happy Thanksgiving! 🦃🥧 From all of us at the Altman Team, we hope you enjoy a wonderful day filled with family, friends, and good food. Safe travels and happy holidays!

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 […]

How Concerned Should You Be about Estate Tax Issues?

If you have significant wealth, you may be exposed to future estate tax burdens that must be acted on before the Tax Cuts and Jobs Act reduces the estate tax exemption in 2026. Developing and implementing proper estate planning and tax strategies takes time. You may need to prepare even if the estate tax continues at […]

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Recent Posts

The Estate of Richard Simmons

What is ETIAS? Essential Information for Travelers to Europe

Best of Bethesda 2025: Trusts & Estates Attorney

New Year's Eve Trivia and Fun Facts

Welcome Andrew White

Unveiling the Impact of Charitable Giving

Corporate Transparency Act Preliminarily Enjoined Nationwide by a Texas Federal Court

Happy Thanksgiving from the Altman Team

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

Veterans Day 2024

1 2 3 … 77 Next »