Tag: Charitable Giving

Last Minute Gift Ideas!

Friday, December 19, 2014

On December 16, President Obama signed the Tax Increase Prevention Act of 2014. This means that once again, charitably-minded taxpayers can give by making direct distributions to charities from their IRA accounts. This popular tool (for qualified taxpayers 70 ½ years and older) is included in the last minute federal legislation package. With only a few business days left in 2014, there may be just enough time to take advantage of this tax savings technique. Read More

New Gift and Estate Tax Exemption Levels for 2014

Tuesday, October 8, 2013

Today's rapidly changing estates and trusts laws have made retirement planning and asset preservation more complicated. Individuals, families and businesses have to find their way through a series of complex statutes and regulations in order to figure out the best way to transfer assets from generation to generation. We are pleased to welcome you to the "Hancock Estabrook Trusts & Estates Law Blog," which will provide information on new and interesting developments in the law on topics such as construction of wills and trusts, taxes, inheritance rights and more. The most recent news is that on October 31, 2013, the IRS announced new gift and estate tax exemption levels for 2014. Read More