GPKLEG Blog
News & Helpful Tips
If you’re a real estate developer or a small business owner who owns commercial real estate, you might be thinking
Estate planning can be overwhelming. One reason is that it has a language all its own. While you may be
If you are about to receive an inheritance from a family member, you can use a qualified disclaimer to refuse
If you’re charitably inclined and you collect art, appreciated artwork can make one of the best charitable gifts from a
Do you own a vacation home? If you both rent it out and use it personally, you might save tax
If you’ve worked a lifetime to build a large estate, you undoubtedly would like to leave a lasting legacy to
If you dream of spending your golden years in a tropical paradise, a culture-rich European city or another foreign locale,
For many people, a family-owned business is their primary source of wealth, so it’s critical to plan carefully for the
The Tax Cuts and Jobs Act (TCJA) created a new general business tax credit for certain businesses that grant their
On September 13, the House Ways and Means Committee passed three separate bills that will be the cornerstone of what
When married couples neglect to prepare an estate plan, state intestacy laws step in to help provide financial security for
Estate planning and investment risk management go hand in hand. After all, an estate plan is effective only if you
The S corporation business structure offers many advantages, including limited liability for owners and no double taxation (at least at
Now that the gift and estate tax exemption has reached a record high of $11.18 million (for 2018), it may
Retirement is often viewed as an opportunity to travel, spend time with family or simply enjoy the fruits of a
President Trump and the Republican Congress plan to act swiftly to make broad changes to the United States — including
Medicare health insurance premiums can add up to big bucks — especially if you’re upper-income, married, and you and your
The nationwide price of gas is slightly higher than it was a year ago and the 2025 optional standard mileage
Traditional estate planning strategies generally are based on the assumption that all family members involved are U.S. citizens. However, if
Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) —
It’s not uncommon for people who live in states with high income taxes to relocate to states with more favorable
To help make sure you don’t miss any important 2025 deadlines, we’re providing this summary of when various tax-related forms,
Medicare health insurance premiums can add up to big bucks — especially if you’re upper-income, married, and you and your
A revocable trust — sometimes known as a “living trust” — can provide significant benefits. They include the ability to
Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage
According to the Pew Research Center, nearly a quarter (23%) of U.S. children under the age of 18 live