Another topic heavily discussed at Heckerling is the Corporate Transparency Act (“CTA”). I never thought that as an estate planning attorney I would need to become familiar with anti-money laundering legislation but the CTA is coming and it is going to affect nearly everyone I work with. Here are the high points:1. Starting in 2024,...

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...

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...

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...

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...