Benefits of Filing a Federal Estate Tax Return Even When No Tax is Due

Posted by on Sep 7, 2021 in Uncategorized | 0 comments

Written by: Christopher N. McGann, Esq.

Filing the United States Estate and Generation-Skipping Transfer Tax Return form, Federal Form 706, is not just reserved for those decedents whose gross estate (calculated as gross assets plus lifetime taxable gifts) is greater than the lifetime exclusion amount (currently $11,700,000.00). There are a number of practical considerations, however, that may make filing a Form 706 beneficial, if not almost obligatory. Here are some examples to consider.

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Advanced Directives 101

Posted by on Jul 29, 2021 in Uncategorized | 0 comments

Written by: Cynthia Neutson

What is an Advanced Directive? An Advanced Directive, also known as a Living Will, is a legal document that states what medical treatment you do, or do not want, in the event that you become incapacitated and cannot convey these wishes for yourself.

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