If you have not already, it is important to review your estate plans to ensure your estate planning will work the way you want, especially with the potential end-of-the-year changes from the BBBA, which only needs a simple majority to pass. This “reconciliation bill,” known as “ The Build Back Better Act ” (BBBA) could make major changes that impact estate planning, including, but not limited to, huge policy changes in gift, tax, capital gains, and even surtaxes. Also, you may have heard that Congress is debating major changes to estate tax and gift tax laws. Without any estate planning, heirs may lose life insurance payouts, tax deduction advantages, or even miss accounts they did not know existed which will go to the state’s unclaimed property department. Whether you own a little or a lot, the last thing you want to do to your loved ones is leave a mess of paperwork and inaccessible online accounts if you become temporarily ill, incapacitated, or when you pass away. GCPC First Generation Law Student Scholarship.Arbitration, Mediation & Alternative Dispute Resolution Attorneys. Getting Government Contracts: Small Business Certification Services.Domestic Violence and Protective Orders.Alternative Dispute Resolution in Divorce Employer Considerations For Government Contractors.For Employers of Uniformed Services Members.Drug Testing Your Workforce – Best Practices.Guidelines for Hiring or Firing Employees.Succession Planning for Business Owners.Starting a Business, Licensing & Compliance.
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