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Summer 2021 Newsletter
In late March, a coalition of Senate Democrats introduced the Sensible Taxation and Equity Promotion (STEP) Act. The act would get rid of what’s known as the step-up in basis to tax the unrealized gains of certain estates at death.
Spring 2021 Newsletter
The rollout of the Pfizer and Moderna COVID-19 vaccines provides hope for employers that they will soon return to normal operations and profitability. Many employers may be considering mandating that their workers get vaccinated. But before mandating such a policy, it’s important to talk to an attorney about the potential legal traps.
Winter 2021 Newsletter
If you participate in an employer-sponsored 401(k) plan, you can contribute up to $19,500 to your retirement in 2021. But did you know some plans allow you to contribute up to $38,500 more? If you’re looking for increased savings options, find out if your existing plan allows additional after-tax 401(k) contributions. In 2021, after-tax 401(k)s have a total plan maximum of $58,000, including traditional contributions, employer contributions and after tax contributions. As is true for traditional 401(k)s, these limits are higher ($64,500) if you’re age 50 or older.
Archives of Legal Matters
Fall 2020 Newsletter
The coronavirus pandemic has treated an unpredictable landscape for employers. As of right now, states are in various stages of their phased reopening plans and many employers have either brought employees back to the physical workplace or are planning to do so.
Summer 2020 Newsletter
Th e Covid-19 pandemic has offered a great reminder to review the elements of your estate plan. Below are some key items to consider. Set up a call with
your estate planning lawyer to consider any specific details related to your own plan.
Spring 2020 Newsletter
As an employer, you should know that the federal Fair Labor Standards Act (FLSA) requires workers to be paid a federal minimum wage and that wage workers and certain “nonexempt” salaried workers who work more than 40 hours in a week receive overtime pay at one and a half times their normal rate for each extra hour.
Winter 2020 newsletter
Passage of SECURE Act expected by year-end Estate planners have been watching Congress closely, waiting to see what...
Fall 2019 Newsletter
Reopening presents traps for employers The coronavirus pandemic has created an unpredictable landscape for employers....
Summer 2019 Newsletter
Use caution when creating an IRA inheritance trust When you hold an IRA, those funds can be distributed to the person...
Spring 2019 Newsletter
Should you rent a vacation home? Vacation rentals, whether near the ski slopes or on the beach, can be a great way to...
Winter 2019 Newsletter
Keep your tax credit for charitable gifts Following the Tax Cuts and Jobs Act (TCJA), many taxpayers are concerned...
Fall 2018 Newsletter
It’s one of the facts of community living: Where you have neighbors, you can have problems. There are some things you...
Make an estate plan for your digital assets
Today, 77 percent of Americans go online every day, according to a recent Pew Research Center survey, and most of us...
