The first of the long-awaited Biden tax proposals have been introduced in Congress. In short, income tax rates will likely increase soon, and estate and gift tax exemption amounts will decrease. Now is the time to proactively review estate and tax planning for individuals and couples. We encourage you to read detailed information regarding the Biden tax proposals.
In the coming weeks and months, look to this blog, along with other information and webinar workshops available on our website at www.elvilleassociates.com, for updates about the Biden tax proposals and these pending legislative changes, recommended resources, education, and planning ideas. If you do not have an estate plan or have not updated your estate planning in several years; or if you have general planning questions or seek to form a personal estate planning team of advisors, please contact our office to set an appointment. To reach Steve Elville, please email him at firstname.lastname@example.org, or by phone at 443-393-7696 x108.
Founded in June 2010, by Stephen Elville, J.D., LL.M., Elville and Associates is an estate planning, elder law, and special needs planning practice. It is the firm’s mission to provide practical solutions to its clients’ needs through counseling, education, and using superior legal-technical knowledge. As it relates to the Biden tax proposal, these are the types of issues our clients want and need to know about to ensure their planning works as intended and is up to date with the most recent changes in the law. It is extremely important clients revisit their estate plans with their attorneys every few years, and at a maximum every five.
The firm counsels its clients based on the core principles of the Elville Legacy System™ — the six steps to perfect estate planning. Mr. Elville has also developed programs for clients who wish to streamline the planning process but still wish to enjoy the benefits of the educational component throughout, including Elville Self-Direct Select™ and Elville Self-Direct Protect™, a limited-attorney-assistance client education program for estate planning. The firm also offers an Advisors’ Forum every two months for its planning team partners, a continuing education series that covers the latest topics in the world of estate planning, elder law, and special needs planning.