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Estate Planning President Biden’s proposed infrastructure plan does not explicitly raise estate taxes. Instead, it ends the step-up on the basis that wealthy taxpayers often use to minimize the tax on inherited wealth. The step-up in basis allows heirs to…

In a 7-2 decision, the U.S. Supreme Court upheld, again, the Affordable Care Act. Texas and other states had sued to overturn it. The court’s opinion, written by Justice Stephen Breyer, said that plaintiffs had argued that without the noncompliance…

Estate Planning Estate planning isn’t just about distributing your things after you’re dead; it’s about the relationships you’ve established in your life. It’s difficult to face your own mortality, but it’s important to make plans to leave items to people…

Hiring a Caregiver If you’ve ever cared for a seriously ill or aging loved one, you’re not alone. According to the latest figures, more than 53 million Americans report providing unpaid care to another adult or child over the past…

Private Equity According to consulting firm McKinsey & Company’s annual survey of private markets, businesses raised $7.3 trillion from private markets in 2020, and 61% of those funds came from private equity. The availability of private equity investors can be…

Incentivizing Insurers to Cover COVID-19 Tests According to a statement on the website of the Centers for Medicare & Medicaid Services, most consumers with private health coverage can go online or to a pharmacy or store, buy a test, and…

Do I Really Need to Contact an Estate Planning Lawyer? Many younger people assume they don’t even have an estate worth dividing up and sharing with their loved ones after they’ve passed. Fortunately, they couldn’t be further from the truth.…

One question estate planning clients often struggle with is who to appoint as a probate executor for a will or a trustee for a trust. Although people often only look at such decisions they make as the “honor” or “privilege,”…

There’s a good chance that the profit from your home sale will not be taxable. Unmarried individuals can exclude up to $250,000 in profits from capital gains tax when they sell their primary personal residences, thanks to a home sales…

Fans of murder mysteries may assume that distributing a will is simple. There is one copy, which the decedent’s lawyer keeps on file, and after a death all heirs are brought in to hear the lawyer read the will aloud.…