OUR WRITING / BLOG

The current lifetime gift and estate tax exemption increases to $13.99 million per person ($27.98 million for married couples). However, this exemption will expire at the end of 2025. If no new law is passed, the exemption will drop to approximately $7 million per person ($14 million for married couples), leading to higher estate tax […]

Who you select to manage your affairs after you die is of paramount importance. Selecting the right “fiduciaries” is among the lessons we can learn from the estate of Little Richard. The estate of Richard Wayne Penniman, the legendary singer, songwriter and recording artist known as Little Richard, who passed away in 2020, owned intellectual […]

Most estate planners warn about the horrors of probate. It’s time-consuming, expensive, and invasive. While the process does have shortcomings, there are benefits to probate too. The probate system was designed to ensure that a person’s property and accounts are distributed according to state law. Probate is the legal process for distributing a person’s assets […]

© Copyright - Law Offices of Evan J. Krame, Esq.