Tag Archives: Estate Planning
Preparing for the Sunset of the Present Gift and Estate Tax Exemption
The 2017 Tax Cuts and Jobs Act (TCJA) doubled the federal gift and estate tax exemption. It presently allows an individual to shield up to $13.61 million from estate or gift tax over their lifetime. However, when the provisions sunset at the end of 2025, the exemption will revert to about $5 million per individual […]
What a Premarital Agreement Can and Cannot Do
If you’re getting married, you may want to consider entering into a premarital agreement with your partner. Also known as prenuptial agreements, these contracts are effective upon marriage and when done right are enforceable under Kansas law. They allow soon-to-become spouses to memorialize their wishes for deciding important issues both during the marriage and […]