August is National “Make a Will” Month and a Great Reminder to Look at a Holistic Estate Plan

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August is National “Make a Will” Month. This annual event reminds individuals to review their already existing will or create a new will. A will serves as one important document in an individual’s estate plan. However, although a will is a significant document to complete, an estate plan is comprehensive, and often involves discussions and […]

IRS Extends Time to Make Portability Election

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Effective July 8, 2022, the IRS now allows an estate to request a portability election up to five (5) years after a Decedent’s death (through Revenue Procedure 2022-32). Portability elections allow a surviving spouse the ability to file a Federal Estate Tax return (Form 706) to preserve their spouse’s unused federal estate tax exemption (In […]

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