Happy New Year! This year brings to us several legal changes which will benefit to taxpayers for 2023 and beyond. For more details, contact CGA Law Firm’s Estate Planning attorneys. Increase for Estate Tax Exemption. This year, the amount that an individual can transfer estate tax-free automatically increases for estates of decedents passing away in 2023 from $12.06MM to $12.92MM, an inflation-index increase of $86,000. A married couple enjoys a combined exemption of $25,840,000. Keep in mind, however, that the exemption amount will decrease in the end of 2025 with the sunset of the 2017 Tax Cut and Jobs Act,… read more »
Deb Werner Celebrates 10 Years with CGA
Although she began her CGA career on the Real Estate legal team, Deb found herself in Estate Planning when a long-time employee announced their retirement plans. While working in Estate Planning, Deb discovered she had an interest and aptitude for the work in this practice area. In Estate Planning, Deb assists attorneys in preparing trusts, wills, and powers of attorney, as well as meeting with clients. In the Real Estate department, she helps with agricultural conservation easements, which protect tracts of land from development. Deb enjoys the workload because she has always squeezed diverse and interesting activities into her… read more »
Former CGA Attorney Rees Griffiths and his wife, Sue, initiate the Griffiths Salvation Army Scholarship
The Griffiths Salvation Army Scholarship launched this year with a $10,000 scholarship presented to a York High senior at the York High Awards Ceremony last evening. The recipient plans to attend Morgan State University to study nursing. Major Babbitt presented the scholarship. Rees and Sue’s estate plans provide that 80 percent of their estate goes to awarding similar scholarships to high achieving students with clear financial need. They established the program early to ensure they could celebrate the scholarships with the recipients and make certain the process worked smoothly while they are still around. The Griffiths describe the decision to… read more »
