Happy Holidays, folks. 2014 is coming to a close, shockingly. I can't believe how fast the year has gone. For those of you who had "estate plan" on your To Do List for 2014 but failed to establish a plan, make 2015 the year. For your information, the estate tax exemption for 2015 increases with inflation from $5.34 million ($10.68 million for a married couple) to $5.43 million ($10.86 million for married couple) in 2015. This means that if you die with an estate valued below this amount, you will not incur any federal estate taxes. However, this does not mean you should not plan. It is easy to delay your estate plan; your daily life is hectic enough. After all, no one wants to face the inevitability of death before they have to, but it is for this precise reason that planning is imperative. If you want to finish 2014 or begin 2015 with peace of mind regarding what will happen with what you have worked so hard to achieve, give our office a call. Otherwise, enjoy your family, visit your friends, tear open presents, eat delicious food, drink good wine, and be jolly.
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