January 2023
What is Estate Administration? “Estate administration” (also known as probate administration) is a term used to refer to the distribution of assets upon someone’s passing. Oftentimes, assets in an estate are passed on to family, friends, and loved ones of a decedent (deceased person) who has left behind a will. The probate court supervises the...
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Increases to Estate and Gift Tax Exemptions in 2023 Did you know that you can pass a certain amount of your estate and cash gifts to friends and family completely tax-free? History of Estate and Gift Tax Exemptions In 2012, the American Taxpayer Relief Act (ATRA) was the first piece of legislation to allow a...
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