Estate Planning in 2016: Here’s What You Need to Know

Estate planning is a complex area of the law, with countless rules that can change from year to year. If you’re planning on doing estate planning for the first time in 2016, or merely want to make sure your current planning documents aren’t out of date, staying on top of the latest changes is crucial. Below, you’ll find some of the must-know facts that will affect estate planning in 2016. 1. The lifetime gift and estate tax exclusion amount rises to $5.45 million in 2016. The tax laws provide for a unified gift and estate tax credit that allows […]