 Weekly News Update
Synopsis: "
The Internal Revenue Service announced today the official estate and gift tax limits for 2020: The estate and gift tax exemption is $11.58 million per individual, up from $11.4 million in 2019. That means an individual can leave $11.58 million to heirs and pay no federal estate or gift tax, while a married couple will be able to shield $23.16 million. The annual gift exclusion amount remains the same at $15,000."
You can access the complete article by clicking
HERE.
Interested in what the financial markets are doing?
Click HERE for up to date information.
Who is ESI-APPRAISE & how can we help you with estates, gifts, trusts, and cost basis?
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Time Saver & Helpful Hint
This week's Time Saver / Helpful Hint is:
"Commentary on 2020 Estate & Gift Tax Limits"
This week's feature article says:
"When you're doing advanced estate planning-making gifts in excess of $15,000 annual exclusion gifts-you're using your lifetime gift/estate tax exemption. With the new 2020 numbers, a couple who has used up every dollar of their exemption before the increase has another $360,000 of exemption value to pass on tax-free. For folks who are worried that that's a lot to give, there are newfangled spousal lifetime asset trusts (aka SLATs). They're also IRS-tested advanced estate-freeze strategies like grantor-retained annuity trusts (GRATs)."
ESI-APPRAISE can help you with the preparation of valuations for gift tax and grantor retained annuity trusts. In fact, we have a complimentary 30 minute webinar scheduled for Wednesday,
November 20, from 11:30a to 12:00p ET to explore GRAT valuations in more detail. We'll illustrate the nuances of compliance as well as how to generate these accurately and efficiently.
Last week's Time Saver / Helpful Hint topic was:
"A Guide to Reading Stock Tickers"
You can access the eNewsletter by clicking
HERE.
Clients who subscribe to our APPRAISE.ASP product have access to a database of ticker symbols.
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Solution Of The Month with accompanying webinar
"Charitable Remainder Unitrust & Grantor Retained Annuity Trust Valuations
"
Last month, we focused on our Estate Tax valuations which are our most frequently used service. Two other popular types of valuation, which have to adhere to the same stringent IRS regulations are Charitable Remainder Unitrusts (CRUT) and Grantor Retained Annuity Trusts (GRATs). Please take a moment to look at the sample reports below. If you click on the heading below, they will appear in more detail.
We have scheduled a complimentary webinar for Wednesday, November 20, from 11:30a to 12:00p to explore these valuations in more detail. We'll illustrate the nuances of compliance as well as how to generate these accurately and efficiently.
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H
ow do I generate an ESI-APPRAISE valuation?
Here's how you can generate a
valuation with us (see below):
1. Secure online solutions (You produce the report and save money)
· APPRAISE Windows
: Software on your computer; internet connection to access the data
· APPRAISE ASP, our software as a service (SaaS) solution:
- Software on our computer - data on yours; no installation nor upgrades and data is secure
- Always running current version
- Highly scalable, both upward, in good times, and downward when business is slow
- More options than software including ticker symbol lookup and capital change reporting.
· APPRAISE Web:
Internet application using credit card; can be run from anywhere/any platform
· ESI-Direct:
No software; value your ONESOURCE securities using the internet from FPS
2. Outsourcing solution (we have the expertise, do the work, and save you time):
· Valuations can be submitted/delivered via email, fax, overnight courier, or mail
If you would like more information, please
- call 201.784.8500 x104
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Upcoming Events
Events we are coordinating:
- Nov 14: Possible interruption of service from 5:15p-6:00p ET
- Nov 19: Webinar: - "Automating GRAT & CRUT valuations
"
- Nov 21: System maintenance beginning at 5:00p ET.
All online services wil be unavailable for a few hours.
- Nov 27: ESI-APPRAISE will close at 2:00p ET for Thanksgiving
- Nov 28: Closed for Thanksgiving holiday
- Nov 29: NYSE early close - ESI-APPRAISE will close at 2:00p ET
Events we are attending:
- Nov 12: Estate Planning Council of New York City meeting
- Nov 20: Greater New Jersey Estate Planning Council meeting
- Jan 13-17: 54th Annual Heckerling Institute on Estate Planning
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