Insights & Resources

Learn how Qualified Personal Residence Trusts (QPRTs) can help high-net-worth families reduce estate taxes and leverage increased tax exemptions.

Set up a SIMPLE IRA for your small business before October 1, 2024, to access tax benefits within a retirement plan that attracts employees promotes retention.

Individual taxpayers may want to consider 2024 inflation adjustments for gift exclusions & review their gift and estate plans in light of the changing tax landscape.

As 2023 draws to a close, individuals can take many steps now to manage their current tax liabilities.

The IRS issued proposed regulations that introduce present-value principles to determine the amount deductible by an estate for funeral & other expenses.

An upcoming reduction in the amount of an estate that can be passed on to heirs without paying taxes has many families wondering if they will have a large tax bill upon the death of a loved one. Currently, this tax-free amount, known as the unified credit or exclusion amount, is $12,060,000, but it is set to decline in 2026 to $5 million (adjusted for inflation). Likewise, tax rates will increase in 2026 to 45% from the current top rate of 40%.

Weaver highlights strategies to consider when planning and executing estate and gift tax. Learn why these strategies are optimal for most wealthy estates.