Trust BCLP

Main Content

To Do: Year-End Gifting – Check (or not)

With the end of the year approaching, we thought now would be a good time to re-post and update our annual blog entry on gifting.

For 2021, the annual exclusion gift amount will remain the same as 2020’s at $15,000, but the lifetime gift and estate tax exemption will increase to $11,700,000 (up from 2020’s $11,540,000).

With ten days left in the year, many people are still planning how to make 2020 gifts, whether by making “annual exclusion” gifts of $15,000 per beneficiary, or by taking advantage of the 2020 gift tax exemption amount of $11,540,000.  Whatever the reason for the last-minute gifting, as the end of the year approaches, people may be tempted to make a “quick and easy” gift to their beneficiaries by simply writing a check. As the year draws to a close, however, if your gift is dependent on utilizing 2020 tax law, beware of the

BCLP Partners Doug Stanley and Kathy Sherby Present at Missouri Bar 2020 Annual Estate, Trust & Elder Law Institute

December 16, 2020

Categories

BCLP Partners Doug Stanley and Kathy Sherby presented at the Missouri Bar 2020 Annual Estate, Trust & Elder Law Institute held on December 10 and 11, 2020.  Kathy discussed the topic SECURE ACT: How it Changes Basic Planning Strategies and also the topic The Good, the Bad, & the Ugly: Ethical Representation in a Pandemic.  Doug presented on the topic Tax Issue Spotting.

Schlesinger Named to SLBJ 2020 Class of Diverse Business Leaders

St. Louis Counsel Elizabeth Schlesinger has been named to the St. Louis Business Journal’s 2020 class of Diverse Business Leaders.

The Business Journal established its awards program to salute those who promote diversity around race, sexual orientation and disability. The personal and professional backgrounds of this year’s 20 honorees “demonstrate the increasingly important role that diversity and inclusion play in the workplace and community,” the publication stated.

Schlesinger is an active participant in numerous volunteer and community activities, with a particular focus on LGBTQ advocacy. She has championed LGBTQ rights issues inside the legal community and in the broader community, both in St. Louis and nationally. Among her numerous civic involvements, she is currently the chair of the National Board of Governors of the Human Rights Campaign.

At BCLP, Schlesinger is a member of the firm’s Private Client Group. Her practice involves estate planning and administration, with a focus on wealth transfer tax planning.

BCLP Partner Stephanie Moll Interviewed with WealthManagement.com

BCLP Partner Stephanie Moll was interviewed in a WealthManagement.com article titled “Pre-Death Litigation Plagued the Estate of Sumner Redstone.” Moll discusses claims of elder abuse and diminished capacity in the estate planning context. The entire article can be found here.

BCLP Partner Tiffany McKenzie Discusses Health Care Directives in the Era of COVID-19

Atlanta BCLP Partner Tiffany McKenzie spoke on Frazer Rice’s Wealth Actually podcast regarding special planning considerations for your health care directive and power of attorney during the COVID-19 pandemic. The full podcast can be found here.

The attorneys of Bryan Cave Leighton Paisner make this site available to you only for the educational purposes of imparting general information and a general understanding of the law. This site does not offer specific legal advice. Your use of this site does not create an attorney-client relationship between you and Bryan Cave LLP or any of its attorneys. Do not use this site as a substitute for specific legal advice from a licensed attorney. Much of the information on this site is based upon preliminary discussions in the absence of definitive advice or policy statements and therefore may change as soon as more definitive advice is available. Please review our full disclaimer.