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Happy Scammer Season


By Hoffman Estate Law


‘Tis the season to remind everyone to be wary of scammers trying to ruin your holidays. This week kicks off the ninth annual National Tax Security Awareness Week, a joint effort between the IRS, states, the tax industry and tax professionals.


“Taxpayers should use extra caution this holiday season to protect their valuable personal and financial information, whether shopping online or clicking on links in email and other messages,” said IRS Commissioner Danny Werfel. “A little extra caution can protect taxpayers’ confidential information and reduce the risk of identity theft in the upcoming filing season.” Read more

By Sarah C. Offner

J.D., Associate

Frozen Futures: Estate Planning Considerations for IVF and Fertility Treatments


In today’s rapidly evolving world, advancements in technology have transformed how families are created. In vitro fertilization (IVF) and other forms of assisted reproductive technology (ART) offer hope to those facing fertility challenges or those choosing to delay parenthood. These scientific breakthroughs, however, also bring unique legal and estate planning questions that must be addressed to protect your wishes – and your family. 


At Hoffman & Associates, we have worked with many clients navigating fertility treatments, helping them create estate plans that reflect their goals and protect their legacies.



Why Estate Planning Is Essential for Families Using IVF 


As IVF and ART become increasingly common, families encounter new legal complexities tied to these technologies. Whether you are freezing eggs or embryos, considering surrogacy, or using donor materials, it is essential to ask: What happens to these genetic materials if something happens to me? Read more


By J. Hunter Moreland

J.D., Senior Associate

2024 Year End Estate Planning Tips


Before we all get wrapped up in December’s holiday hustle, take a moment to consider some very important year-end reminders:


Dust off your Core Estate Planning Documents! We recommend reviewing your Estate Plan (Wills, Living Trusts, Healthcare Directives, Powers of Attorney, etc.) every 5-10 years, but especially in election years when there is a major shift in political control. Also, double-check that the individuals you have designated as your healthcare and financial agents still mesh with your estate planning needs. Happy holiday cleaning!

 

Have you made your annual exclusion gifts? If you haven’t made your annual gifts for 2024, consider doing so. This amount will increase in 2025, but you can still make gifts this year! 529 Plans for children/grandchildren are a great option. Merry gifting!

 

Will the Tax Cuts and Jobs Act sunset? Read more




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