6 August 2022 - 17:40, by , in Estate Tax, No comments
The IRS recently extended the time period for estates to elect portability of their deceased spouse’s unused estate tax exemption with Revenue Procedure 2022-32. Estates now have five years, instead of two, after the decedent’s date of death to make a portability election.  Portability allows a surviving spouse to claim the unused portion of their...
27 October 2021 - 16:22, by , in Estate Planning, Estate Tax, Tax Provisions, No comments
Build Back Better Act.  The House Democrats have proposed the Build Back Better Act that would contain the following tax provisions (subject to further change) Increase top individual income tax rate to 39.6% 3% surcharge on income greater than $5M Increase capital gains rate to 25% Limitation on 199A pass through income exemption Increase top...
23 March 2021 - 21:22, by , in Estate Planning, No comments
Work with Swain Trusts & Estates of Oklahoma City for your Estate Planning needs. Our personalized recommendations are the result of exploring together to identify your goals and desires. From titling assets to funding your trust, you can expect a detailed plan to get you where you want to be, short-term and long-term. Our track...
Office renovation taken down to the studs.
Amanda Swain and Nikki Kuhn sitting at conference table.
23 March 2021 - 21:13, by , in News, No comments
After over ten years of serving our clients and the community, Amanda M. Swain has opened Swain Trusts & Estates.  Our firm has the same team that you are familiar with and our commitment to our clients has remained the same. We are excited about our new office building, centrally located in Nichols Hills. We...