To request a free zoom video meeting to design your estate plan, click the following link and complete the short questionnaire: -- In 2020, the federal estate tax basic exclusion amount is $11.58 million. In 2026, the federal estate tax basic exclusion amount sunsets back to about $6 million ($5 million adjusted for inflation). The estates of people who died in 2020 are not required to file a federal estate tax return if their gross estate is less than $11.58 million. But it may make a great deal of sense for those estate to file the IRS Form 706 - even though they are not required to - in order to make the portability election. This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship. Paul Rabalais Estate Planning Attorney www.RabalaisEstatePlanning.com...(read more)
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Losing a partner or spouse is one of the most devastating experiences anyone can go through. Despite the inevitable grief and mourning that follow, the world keeps moving, and we’re left to pick up the pieces and try to heal. During such difficult times, finding the right words to say or actions to take can be a bit of a challenge. You may find yourself struggling to comfort the grieving, trying to make sense of the tragedy that has befallen you. However, there’s one word that can provide comfort and help you heal after the loss of a spouse. That word is “love.” Love is a powerful force that transcends death. Even though your spouse is no longer physically present, the love you shared with them lives on. Remembering and cherishing that love can provide comfort in your time of need. When you find yourself struggling to cope with your new reality, the word “love” can be a powerful mantra to help you through. It reminds you of the good times and the love you shared, and it can help you find the strength to move forward. Of course, loving memories alone may not be enough to help you heal. Everyone grieves differently and at their own pace, so it’s important to take the time you need to process your emotions. Talking openly with friends and family can also be helpful. Sharing your feelings with people who care about you can provide a sense of community and support during an otherwise isolating time. You may also want to consider seeking professional help. Talking to a therapist or counselor can help you work through your grief and develop a plan for moving forward. Ultimately, saying “love” after your spouse dies can be a powerful step in your healing process. It acknowledges the enduring strength of the bond you shared and can begin to help you find your way forward. https://inflationprotection.org/what-to-say-after-your-spouse-passes-away/?feed_id=102285&_unique_id=6474501804ea1 #Inflation #Retirement #GoldIRA #Wealth #Investing #Estatetaxportabilityelection #Howmuchtaxdoestheportabilityelectionsave #portability #Portabilityelection #Whatisportability #Whatistheportabilityelectiononestatetaxreturn #Whenshouldtheestatetaxportabilityelectionbemade #Whentomaketheportabilityelection #Whomakestheportabilityelection #Whymaketheportabilityelection #SpousalIRA #Estatetaxportabilityelection #Howmuchtaxdoestheportabilityelectionsave #portability #Portabilityelection #Whatisportability #Whatistheportabilityelectiononestatetaxreturn #Whenshouldtheestatetaxportabilityelectionbemade #Whentomaketheportabilityelection #Whomakestheportabilityelection #Whymaketheportabilityelection
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