1. Dolly Parton is known for her philanthropy and has valuable lessons to teach about doing good.
2. After winning a money judgment in court, individuals must take steps to collect the funds they are owed.
3. Non-citizens in the US do not receive the same tax benefits as citizens, and should take this into consideration when estate planning.
4. Discussing an estate plan with loved ones is an important step in ensuring your wishes are carried out after you pass away. – Congress may address the sunset provisions of the Tax Cuts and Jobs Act in 2024, which includes the high estate tax exemption.
– There are questions about whether Congress will extend the tax cuts introduced in 2017 or allow them to expire in 2025.
– The upcoming election year may impact how Congress approaches the issue of tax cuts and jobs act sunset provisions.
Generation-Skipping Transfer Tax (GST) – The Taxman Cometh and Keeps Coming!
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