Firm Announces New Partner and New Name

James Reid is pleased to announce that Carrie Z. Michaelis has become a partner of the firm and the firm has changed its name to Reid Michaelis PLLC. Ms. Michaelis’ practice consists primarily of advising high net worth individuals and their families with respect to estate planning, tax planning, charitable gift planning, and estate and […]

2016 Exemption and Annual Exclusion Amounts

The Federal estate, gift and generation-skipping transfer (“GST”) tax exemption amounts will increase in 2016 to $5,450,000 for individuals and to $10,900,000 for married couples, from $5,430,000 and $10,860,000, respectively, in 2015. Clients should consider taking advantage of the increased gift tax exemption amount and GST tax exemption amount by making gifts to children and/or […]