Marc A. Bronstein, Author at Marc A. Bronstein A Professional Law Corporation

Author: Marc A. Bronstein

estate planning: an at-a-glance overview

April 13, 2023

Estate planning, or legacy planning, entails preparing your affairs for the future, including death and other life events. While older adults might give more thought to estate planning, it is an [...]

irs raising annual gift tax and estate tax exclusions in 2023

Marc A. Bronstein

February 17, 2023

Although inflation is generally nothing to be pleased about, the IRS recently announced inflation-adjusted changes to the annual gift tax and estate tax exclusions for 2023. If you are considering [...]

the impact of changes to portability of the estate tax exemption on you

Marc A. Bronstein

August 31, 2022

On July 8, 2022, the Internal Revenue Service issued new guidance allowing for the estate of a deceased person to elect "portability" of the deceased spouse's unused gift and estate tax exemption up [...]

disclaiming an inheritance

Marc A. Bronstein

June 29, 2022

While an inheritance is usually desired, there are some circumstances in which it might be unwelcome. If you don't want an inheritance, you must disclaim it. Most people who receive an inheritance are [...]

what to do if you want to leave your children unequal inheritances

Marc A. Bronstein

May 19, 2022

Parents usually want to leave their children equal shares of their estate, but equal isn't always fair. If you plan to provide more (or less) for one child in your estate plan, preparation is [...]

annual gift tax and estate tax exclusions went up for 2022

Marc A. Bronstein

May 11, 2022

The amount you can gift to any one person without filing a gift tax form increased to $16,000 in 2022, the first increase since 2018. The federal estate tax exclusion is also climbed to more than $12 [...]