Esq. Wealth Management, Inc.’s Post

With significant tax law changes on the horizon, it’s more important than ever for high-net-worth clients to be prepared. In our latest article, we explore five key trust strategies designed to help protect wealth and manage tax exposure effectively during these uncertain times.

Please read this excellent review of recent changes to Massachusetts estate taxes. Thank you to Nikolaus Schuttauf of Day Pitney LLP for contributing to this article!

With proper estate planning in place, the adjustment to the MA Estate Tax can help high-net-worth families transfer more to intended beneficiaries. We interviewed Nikolaus Schuttauf at Day Pitney LLP to discuss how to best optimize this change in tax law by leveraging the cooperation of a financial advisor and attorney.  https://lnkd.in/eQA9fNp6  

🔐 How to Lock In a $14M Estate Tax Exemption Before 2026 by Jeff Morris As we approach the sunset of key tax rules, it’s crucial to strategize now for estate planning. Jeff Morris highlights the importance of timing in establishing trusts under the reciprocal trust doctrine, advising that the sooner the first trust is created this year, the better. 🕒 Why act now? 🤔 As we get closer to 2026, the capacity for planners will be limited, making early engagement essential. Explore different terms, trustees, and assets to ensure your trusts are not considered reciprocal under tax law. 📈 Partnering with an experienced estate planning attorney can provide clarity and direction in navigating these complex decisions. 💼 #EstatePlanning #TaxExemption #FinancialAdvisors #ReciprocalTrustDoctrine #StrategicPlanning 🌟

Thinking of converting your IRA? Check your State's Tax Law first and consult your Financial Advisor for guidance..... https://ow.ly/CjIw50ST5QG

Understanding the tax implications of lawsuit settlements is key to maximizing compensation and avoiding IRS pitfalls. Dive into the complex world of settlements and awards taxation, explore strategies to minimize tax liability, and learn about the pivotal role of settlement agreements, Qualified Settlement Funds (QSFs), and Plaintiff Recovery Trusts. Make informed decisions and protect your financial interests. Join the conversation and share your thoughts. #Taxation #LawsuitSettlements #TaxationofSettlements

The complicated subject of estate tax law is about to become even more challenging in 2026 due to the expected reversal in exemption amounts. Our team shares estate planning strategies you can begin implementing now to keep more of your wealth for the people and causes you care about most. 

Tax consequences can be overlooked when you and your partner are considering an estate plan. The article below describes some of the nuances between estate tax and capital gains tax, how it could impact your estate plan down the road, and why it might be a good idea to get a lawyer involved. At #GQLaw, we have experience with a diverse array of estates and tailoring our client’s plan to their specific financial and family goals.

PSA for clients: In addition to lifetime gifting and other tax planning related to the pending sunset of the higher estate/gift/GST exemption, estate attorneys are also very busy with core estate planning and estate and trust administration for aging baby boomers. Diligence, patience and time/calendar management will be key to allowing sufficient time for your planning to be properly completed. Kindness also helps. #themoreyouknow #estateplanning #taxes #kindnessmatters

Did you know the Tax Cuts and Jobs Act doubled estate tax exemptions? This benefit ends in 2026. Stay ahead with our blog: 2026 Estate Tax Law Changes. \#EstatePlanning https://lnkd.in/gt9V3AtS