1. Dolly Parton is known for her philanthropy and generosity, setting an example for others to follow.
2. After winning a money judgment in court, it’s important to understand that the judgment itself does not provide funds and additional steps may be required to collect the money.
3. Non-citizens in the US may not receive the same tax benefits and protections as citizens, making estate planning and financial considerations especially important for this demographic.
4. It’s important to have open and honest conversations with loved ones about your estate plan to ensure that your wishes are known and can be implemented effectively. 1. Congress may need to address the sunset provisions of the Tax Cuts and Jobs Act in 2024.
2. The high estate tax exemption introduced in 2017 may expire in 2025 unless Congress takes action.
3. The upcoming election year adds uncertainty to whether Congress will extend the tax cuts or let them expire.
4. The decision on the tax cuts may impact the estate tax exemption and other provisions of the Tax Cuts and Jobs Act.
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