Technology Law Blog, IT Law & Articles | Foster Swift https://www.michiganitlaw.com/category/Senior-Estate-Planning Wed, 12 Aug 2026 11:28:00 -0400 What Business Owners Need to Know About the New Tax Law https://www.michiganitlaw.com/business-owners-need-to-know-new-tax-law Michael C. Zahrt, Olivia K. Reid (Law Clerk) business-owners-need-to-know-new-tax-law Mon, 06 Oct 2025 09:00:01 -0400 This past July, the One Big Beautiful Bill Act (the “Act”) was enacted, completely altering the landscape of tax and estate planning for business owners. One of the most significant changes? A permanent increase to the federal gift and estate tax exemption.

Yes, you read that right, permanent.

Under the new law, individuals can now transfer up to $15 million tax-free during their lifetime or at death. For married couples, that amount doubles to $30 million. These exemption limits will also increase over time to account for inflation. This is a major shift from past rules that ...

]]> Holiday Talks: Essential Estate Planning and Tech Safety for Aging Family Members https://www.michiganitlaw.com/estate-planning-tech-safety-aging-family Matthew S. Fedor, Lindsey M. Mead estate-planning-tech-safety-aging-family Fri, 13 Dec 2024 09:00:02 -0500 Now is a busy time for businesses as they wrap things up before year-end. But the holiday season can be stressful for a different reason when the owner or some of the employees are responsible for the care of aging family members on top of working full-time.

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