by Lommen Abdo | Jun 4, 2018 | Business + Corporate Law, Estate + Trust Litigation, Estates + Trusts
Cameron Kelly recently completed his LL.M. Degree in Estate Planning, graduating with honors from the John Marshall Law School. His coursework focused on the taxation of estates, protecting estate assets, and business succession planning. Cameron’s degree will allow...
by Lommen Abdo | Mar 19, 2018 | Estates + Trusts, News, Tax
When people think about estate planning, the estate tax is one of the first things that comes to mind. The Tax Cuts and Jobs Act signed into law by President Trump on December 22, 2017 brought significant changes to the transfer of wealth, including increasing the...
by Lommen Abdo | Feb 20, 2018 | Estates + Trusts, News
I recently worked with a client after his spouse passed away. Their revocable living trust had been drafted in 2000 by a competent attorney. At that time, the federal estate tax exemption was $675,000. The estate tax exemption is the amount of money that a person...
by Lommen Abdo | Dec 11, 2017 | Estates + Trusts, News
Estate planning may not be at the top of most people’s minds during the holidays. But it is important to check things twice before moving on to 2018 New Year’s resolutions. For many of us, this includes updating our estate plans, figuring out what’s...
by Lommen Abdo | Dec 8, 2017 | Estates + Trusts, News
From comprehensive tax reform making its way through congress, to the changes to the Minnesota estate tax, it has been an eventful year for estate planning. While tax changes are not the most exciting topic for many of our clients, it is a topic that continues to be...
by Lommen Abdo | Dec 8, 2017 | Estates + Trusts, News
Most of our clients have at least a portion of their savings in IRAs. Those that do not often have savings in a 401k, which will likely be converted to an IRA upon retirement. Both 401k and IRA plans allow a person to put money away tax free. However, when money is...
