Five Things About Gifting That All Donors Need To Know
For many clients, the annual gift exclusion is an important planning opportunity. In 2025, the annual exclusion for tax-exempt gifts to a single beneficiary is $19,000, an increase from $18,000 in 2024. Since these gifts can be made each year, they can accumulate to significant amounts over multiple years without tax consequences for either the […]
The Questions Every Estate Plan Needs To Answer
If you already have an estate plan in place, it does not always guarantee it addresses all of your current needs and intentions. Life is fluid. Circumstances change, often unexpectedly, making it important to protect yourself and those you love. This is why we encourage you to review your estate plan at least every five […]
Grandparent-Owned 529 College Savings Plans: More Powerful Than Ever
There’s good news for students who have financially generous grandparents. Beginning in the 2024-2025 academic year, grandparent-owned 529 college savings plans will no longer be a headache for students seeking federal financial aid. Previously, distributions from such plans negatively impacted the student’s eligibility to receive needs-based financial aid, with the potential to reduce aid by […]