Every week, Allworth Financial's Steve Hruby, CFP®, and Bob Sponseller, ChFC®, answer your questions. If you, a friend, or someone in your family has a money issue or problem, feel free to send those ...

In 2018, as part of the “Trump tax cuts,” the federal estate, gift and generation-skipping transfer (GST) tax exemption was increased to $11,180,000, with annual increases for inflation. Today, the ...

Under new final regulations, effective for relief filed on or after May 6, 2024, clients can request a private letter ruling (PLR) to correct past mistakes in GST exemption allocations and elections.

The One Big Beautiful Bill (OBBB), which passed on July 3 and is expected to be signed by President Donald Trump by July 4, increases the amount individuals may transfer for federal estate, gift, and ...

The Generation Skipping Transfer Tax (GSTT) has been repealed for calendar year 2010. But rather than creating a climate of certainty, it has sowed a climate of radical uncertainty about the repeal?s ...

“Dynasty” describes a living trust that’s designed to provide for beneficiaries over multiple generations. Its goal is to shield assets from generation-skipping and estate taxation as a family’s ...

Although the Obama administration released its 2013 revenue proposals on Feb. 13, 2012, there has been no legislative action to make these proposals binding law. Without some action from Congress ...

THE 2001 ACT DID NOT ELIMINATE THE GIFT TAX. That means CPAs and their clients still face compliance issues when preparing and filing Form 709, United States Gift (and Generation-Skipping Transfer) ...

Recent legislation enacted in July 2025 has permanently extended several temporary federal tax provisions, fundamentally changing what many wealthy families had been racing to accomplish. For years, ...