1. Dolly Parton is known for her philanthropy and has valuable lessons to teach about doing good.
2. Winning a money judgment in litigation doesn’t automatically provide funds, and there are steps to take to collect the money.
3. Non-citizens in the US do not receive all the tax benefits that citizens do, especially in terms of estate planning.
4. It is important for every adult to have an estate plan in place, regardless of wealth or age, to ensure that their wishes are implemented upon their passing. 1. Congress is facing the decision of whether to extend the high estate tax exemption introduced in 2017 or allow it to sunset in 2025.
2. The decision on the Tax Cuts and Jobs Act sunset provisions is particularly important in an election year.
3. It is unclear how much work Congress will accomplish in 2024, given the upcoming election.
https://smithlegacylaw.com/resources/insights/what-is-an-asset-protection-trust/
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