What the “One Big Beautiful Bill” Means for Your Estate Plan
By Annaliese Bennett, Esq. The One Big Beautiful Bill Act, often nicknamed the “OBBA,” was signed into law in July 2025 and made permanent changes to the federal estate, gift, and generation-skipping transfer (GST) tax exemptions. Under the 2017 Tax Cuts and Jobs Act (TCJA), the federal estate and gift tax exemption was temporarily doubled […]
What Is The Generation-Skipping Transfer Tax?
By Corey W. Moore, Esq. When planning for tax implication upon death, most client questions revolve around the Federal Estate and Gift Tax and the corresponding exemption ($13,990,000 for 2025). However, there is potentially another tax that wealthier individuals need to take into consideration when planning their estates, the Generation-Skipping Transfer (GST) Tax. The GST […]
The Need for Estate Planning
By: Corey W. Moore, Esq. June 4, 2024 Estate planning is not just for the wealthy or elderly; it is a vital task that every adult individual should undertake. At its core, estate planning involves making arrangements for the management and distribution of one’s assets and belongings in the event of incapacity or death. While […]
