While all eyes were on the election, the Internal Revenue Service announced the official estate and gift tax exemptions for 2021. The annual gift exclusion will remain the same, allowing individuals to give $15,000 to [...]
If you are thinking about gifting assets before year-end, consider creating an irrevocable trust to receive the gift. You can name the intended gift recipients as the trust beneficiaries, such as children, grandchildren, and even [...]
Buckley Fine, LLC, a law firm serving families and businesses in the Barrington, IL area, concentrates on Estate Planning, Estate and Trust Administration, Business Law, Litigation, Employment Law, and Real Estate Law.
