Asset Titling and Beneficiary Designations – As Important as Your Estate Documents

When individuals consider how assets pass upon death, they immediately think of Wills (and perhaps Revocable Trusts for probate avoidance). What often is not considered, and even misunderstood, is that even if individuals have executed valid Wills, their wishes may not be respected. Why – because those estate documents will not generally supersede asset titling… Read »

Don’t Forget the Basics: Annual Exclusion Gifts

The annual exclusion gift amount remains at $15,000 for 2019. The annual exclusion gift is the amount that you can give to any recipient during the calendar year without gift tax consequence. For example, in 2019, if husband and wife have two children, they each can give $15,000 to each child, total of $60,000. Upon… Read »

Special Needs Trusts: Estate Planning is more than Tax Planning

Estate planning involves more than avoiding probate and estate taxes. Probate can be avoided by using Revocable Living Trusts. Estate taxes are not a concern for most U.S. taxpayers with the gift and estate tax exemption now at $11.4 million per person. Because of “portability,” a husband and wife can either gift or pass upon… Read »

Positive Gift and Estate Tax News for 2019

The 2019 inflation adjusted amount for the federal gift and estate tax exemption is now $11.4 million per person. Because of “portability,” a husband and wife can either gift or pass upon death $22.8 without paying any gift or estate tax, regardless of how assets are titled among spouses. The $11.4 amount increased from the… Read »

Dedon Admitted as ACTEC Fellow

Cameron McEvoy, PLLC, is pleased to announce that John Dedon has been honored with admission as a Fellow into the American College of Trust and Estate Counsel. The College is the country’s leading association of estate and trust attorneys. ACTEC Fellows are only selected by nomination, and then the vote, of existing ACTEC members. “It… Read »

Estate Planning for Business Owners

On October 10, I gave an estate planning presentation for business owners sponsored by Access Bank and Middleburg Investment Group, pertaining to the importance of family and business planning while the tax law allows for $22.4 of tax free gifts. See the Announcement below. The concern for business owners and individuals with significant assets is… Read »

John Dedon Named to The Best Lawyers in America© list for 2019

I am pleased to announce that I have been included in the 2019 Edition of The Best Lawyers in America©  in the Trusts and Estates category. This is my seventh consecutive year making the Best Lawyers® list. Since it was first published in 1983, Best Lawyers® has become universally regarded as the definitive guide to legal excellence…. Read »