Under the current lifetime gift tax exemption, in 2023 a person can make tax-free gifts of up to $12.92 million. At the end of 2025, that figure is expected to revert to the 2017 amount (indexed for ...

Clients generally have several key desires regarding their trust planning. These desires, prioritized differently by each client, are: some form of governance structure for the family trusts; privacy; ...

Family limited partnerships (FLPs) and trusts are both tools used in estate planning, but they serve different purposes and offer distinct advantages. An FLP is primarily designed to hold and manage ...