The correct answer is “c.” For 2025, the federal exemption is $13.99 million. This amount, also known as the federal lifetime estate and gift tax exemption, applies to gifts made during a person’s life and assets transferred at death. The exemption is set by federal statute and adjusted annually for inflation. However, any assets left […]

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Today’s families take many different forms. Some are blended through divorce and remarriage while others are built through long-term partnerships, adoption, or fostering. Families may include same-sex or opposite-sex couples; married or unmarried partners; or children from different relationships or no children. Many households also juggle the needs of aging parents or relatives with disabilities. […]

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During your discussions with other advisors or while reading industry publications, you have likely come across startling statistics about the number of Americans without an estate plan.  The exact figures vary by survey and demographic, but the story they tell is consistent: Roughly two-thirds of Americans are unprepared to transfer their assets and care for […]

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Who wants to live to be 100? That depends on who you ask.  Whatever the answer, one thing is clear: The odds of reaching that milestone are rising, along with the length of retirement and the number of life changes that come with it. Life expectancy gains in the US since the turn of the […]

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Happy National Stepfamily Day to those who celebrate it! Amid shifts in modern family structures and demographics, you likely have clients who are part of a stepfamily with something to celebrate on September 16.  National Stepfamily Day is a celebration of second chances and overcoming the unique challenges of integrating different family members and adjusting […]

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