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2025 Tax Numbers for Estate Planning

Transfer Tax

Basic Exclusion Amount $13,990,000
Annual Gift Tax Exclusion $19,000
GST Tax Exemption $13,990,000

Estate and Trust Income Tax Brackets

Capital Gains – Maximum Zero Rate Amount: $3250

Ordinary Income Brackets:

Not over $3,150 10% of the taxable income
Over $3,150 but not over $11,450 $315 plus 24% of the excess over $3,150
Over $11,450, not over $15,650 $2,307 plus 35% of the excess over $11,450
Over $15,650 $3,777 plus 37% of the excess over $15,650

[Yikes! But don’t worry: Trust income tax can be avoided through a combination of income distribution to beneficiaries, and Beneficiary Deemed Owner Trust (BDOT) planning designed to make income taxable to a beneficary even without distribution.]

Security Trusts for UHNW and ULNW Families

by | April 1, 2025 | Asset Protection, Blog, Dying Embarrassed, Estate Planning, Family Protection, Firearm Legacy, Firearm Training, Income Tax, Life, Tax Planning, Trust Admin | 0 Comments

The recent shooting of a healthcare CEO has promoted increasing discussion of new security protocols among ultra high net worth (UHNW) families and their businesses, involving perhaps purpose-built security trusts funded with business interests, provisions in family...
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US Persons and Entities Now Exempt from Corporate Transparency Act BOI Reporting

by | April 1, 2025 | Asset Protection, Blog, Estate Planning, Fortune, News & Commentary, Operation & Governance, Regulatory Compliance, Tax Planning, Trust Admin, Venture Protection | 0 Comments

Pursuant to new interim final rule issued by FINCEN on March 21, 2025, US persons and entities are now exempt from Beneficial Ownership Interest (BOI) reporting under the Corporate Transparency Act. Aside from being extremely burdensome and vague in some cases, the...
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Fifth Circuit Vacates Stay on Injunction Against CTA

by | December 28, 2024 | Asset Protection, Blog, Business Succession, Buying or Selling a Closely Held Business, Creditors & Predators, Entity Formation, Estate Admin, Estate Planning, Limitation of Liability, News & Commentary, Operation & Governance, Probate Admin, Regulatory Compliance, Tax Planning, Trust Admin, Venture Protection | 0 Comments

The Fifth Circuit on December 26 vacated its December 23 stay of a Texas federal judge's injunction against Corporate Transparency Act (CTA). Although the merits panel still has the matter set for expedited appeal to the next available oral arguments panel, vacation...
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Succession Fail as Lack of Trust Protector Dooms Murdoch Plan to Control Woke Kids

by | December 23, 2024 | Asset Protection, Blended Families, Blog, Bloodline Protection, Business Succession, Buying or Selling a Closely Held Business, Career Maintenance, Career Preparation, Creditors & Predators, Dying Embarrassed, Estate Admin, Estate Planning, Estate Planning Movies, Estate Tax, Family Maintenance, Family Protection, Financial Mentorship, Fortune, Gift Tax, GST Tax, Honor, Income Tax, News & Commentary, Operation & Governance, Religious Faith, Spendthrift Children, Tax Planning, Trust Admin, Venture Protection | 0 Comments

As my practice matures and I take on more high-net-worth clients, it's amazing how poor the estate planning is among some of these families. Sometimes, there is no planning at all! In other cases, there is very simple cookie-cutter planning, which is always bad...
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Atty Dave Duringer on Hometown Radio with Dave Congalton KVEC 920AM 20241203

by | December 4, 2024 | Asset Protection, Blended Families, Blog, Bloodline Protection, Business Succession, Buying or Selling a Closely Held Business, Career Maintenance, Career Preparation, Charity, Creditors & Predators, Defensive Gun Use, Entity Formation, Estate Admin, Estate Planning, Estate Tax, Family Maintenance, Family Protection, Financial Mentorship, Firearm Legacy, Firearm Training, Fortune, Gift Tax, GST Tax, GunLaw.Pro, Health Planning, Honor, Incapacity Planning, Income Tax, Life, Limitation of Liability, News & Commentary, Operation & Governance, Pet Protection, Probate Admin, Property Tax, Punishment, Regulatory Compliance, Religious Faith, Retirement Planning, Spendthrift Children, Tax Planning, Trust Admin, Venture Protection, WorldExaminer.com | 0 Comments

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TAX.GD updated with IRS Inflation Adjustments for 2025

by | October 30, 2024 | Asset Protection, Blog, Creditors & Predators, Estate Admin, Estate Planning, Estate Tax, Family Protection, Fortune, Gift Tax, GST Tax, Income Tax, News & Commentary, Spendthrift Children, Tax Planning, Trust Admin | 0 Comments

The IRS has released Revenue Procedure 2024-40, which specifies annual inflation adjustments for tax year 2025. Some highlights: Gift, estate and generation-skipping transfer tax exemption amounts: $13.99 million (up from $13.61 million) Annual gift tax exclusion (IRC...
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Charitable Remainder Trust (CRT) and other Charitable Planning

by | October 30, 2024 | Asset Protection, Blog, Charity, Creditors & Predators, Estate Admin, Estate Planning, Estate Tax, Fortune, Gift Tax, GST Tax, Income Tax, Spendthrift Children, Tax Planning, Trust Admin | 0 Comments

Charitable Remainder Trust (CRT) planning can be quite complex, and the expenses involved usually are justified only with a very large gift to charity, well north of a million. Practically speaking most of this planning is tax-driven and must be to make it feasible,...
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Yes California, BDOT can Yield Better Asset Protection

by | October 27, 2024 | Asset Protection, Blog, Bloodline Protection, Creditors & Predators, Estate Admin, Estate Planning, Estate Tax, Family Protection, Fortune, Gift Tax, GST Tax, Income Tax, Retirement Planning, Spendthrift Children, Tax Planning, Trust Admin | 0 Comments

There seems to be a misconception among some California estate planning attorneys that BDOT planning (BDOT stands for Beneficiary Deemed Owner Trust; also called a 678 trust, named after IRC §678) is inconsistent with, and should never be used with, a trust designed...
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Firearms and the California Uniform Directed Trust Act

by | October 20, 2024 | Asset Protection, Blog, Bloodline Protection, Creditors & Predators, Dying Embarrassed, Estate Admin, Estate Planning, Estate Tax, Family Maintenance, Family Protection, Firearm Legacy, Firearm Training, Fortune, Gift Tax, GST Tax, GunLaw.Pro, Honor, Income Tax, Life, Spendthrift Children, Tax Planning, Trust Admin | 0 Comments

At the beginning of this year, the California Uniform Directed Trust Act (CUDTA) went into effect, codified in Probate Code §§ 16600-16632. It was a long time coming, having been first proposed back in 2010 by our state bar's trust and estate section. When it went...
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Gun HEET Revisited

by | October 17, 2024 | Asset Protection, Blog, Bloodline Protection, Business Succession, Buying or Selling a Closely Held Business, Creditors & Predators, Entity Formation, Estate Planning, Estate Tax, Family Maintenance, Family Protection, Firearm Legacy, Firearm Training, Fortune, Gift Tax, GST Tax, GunLaw.Pro, Honor, Income Tax, Life, Limitation of Liability, Operation & Governance, Regulatory Compliance, Spendthrift Children, Tax Planning, Trust Admin, Venture Protection | 0 Comments

Six years ago I posted this article proposing use of an advanced planning technique known as the Health and Education Exclusion Trust (HEET) to leave a dynastic legacy of firearm training. Such a trust might be called a Gun HEET. The Fall of the Republic and...
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