<strong><em>‘TIS THE SEASON FOR INCREASED GIFT AND ESTATE TAX EXEMPTIONS</em></strong>

The Internal Revenue Service (“IRS”) recently published Rev. Proc. 2022-38, which announced increases to the estate and gift tax exemption amounts. For 2023, the estate and gift tax exemption will be $12.92 million per individual, up from $12.06 million in 2022. This increase means that a married couple may collectively shield up to $25.84 million […]

Grade School Students Design Cooper Levenson Holiday Cards

Cooper Levenson’s holiday cards this year will feature artwork from seven grade school students, chosen from hundreds of entries. The students, who reside in Atlantic, Burlington, and Cumberland Counties, are winners in the firm’s holiday art contest designed to engage students in the arts as well as help raise awareness of the firm’s chosen charity, […]