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Blog Entries - Kentucky
Understanding the SECURE Act 2.0: What It Means for You at Age 55
Understanding the SECURE Act 2.0: What It Means for You at Age 55 As you move closer to retirement, financial decisions become more immediate and more impactful. The SECURE Act 2.0, passed in 2022, introduces several
Estate Tax Reduction Looming
ESTATE TAX REDUCTION LOOMING ($13.6 Million back to about $6 Million in 2026) As of January 1, 2026, the current lifetime estate and gift tax exemptions will sunset and revert back to
Spendthrift - Fahey Banking Co. v Carpenter
Fahey Banking Co. v. Carpenter, 2019-Ohio-679 Trial court's Civ.R. 12(B)(6) dismissal on motion of trustee of a spendthrift trust in action brought by creditor bank to collect future required distributions to
HB 595 - NEW LAW to Improve Probate
PROBATE OMNIBUS BILL (H.B. 595) House Bill 595 is known as the Probate Omnibus Bill and includes a number of noteworthy proposals, including the following: Allowing the creator of a trust to require that disputes
Trump's Estate Tax
On December 20th, 2017 Congress passed the "Tax Cuts and Jobs Act", which become law on January 1, 2018. The new exemption more than doubled the previous year’s estate tax exemption of $5,490,000 per individual to
Online Taxation
Supreme Court premits the Taxation of Online Sales by Out-of-State Companies The U.S. Supreme Court has given state and local governments the rightto impose sales taxes on out-of-state sellers,