As digital assets become more prevalent in our lives, it is important to include provisions to facilitate access to accounts and passwords as part of the estate planning process. Digital property, like other property can be passed to others through an estate plan. While laws pertaining to digital assets continue to evolve, current restrictions to […]
As the Biden administration sets their agenda, many questions regarding changes to the tax laws remain unanswered. While President Biden’s proposed tax plan includes changes that may impact future tax rates and deductions, as well as potential new tax credits, to date, specific legislation has not been put forward. The following chart outlines some of the […]
The Consolidated Appropriations Act, 2021 has extended the benefits for charitable contributions made available through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion federal relief package signed into law on March 27, 2020. The following benefits are extended for the 2021 tax year: Expansion of the universal charitable deduction for cash gifts – […]
Did you know that you may use a life insurance policy you no longer need to support WashU? Over the years, you may have purchased life insurance to protect family members or a key employee, or as a vehicle to provide liquidity for estate taxes. As life evolves and laws change, it is a good […]
Spring has arrived, and with it a renewed sense of energy and optimism. After the many challenges we all faced this past year, it’s a welcome transition. As I reflect on my first year at WashU, I am grateful for the opportunity to work with so many alumni, colleagues and members of the WashU community. […]