• ACT BEFORE YEAR-END TO PRESERVE YOUR CURRENT ESTATE TAX EXEMPTION

    Many of our clients have had their eyes on the election and may be rightly thinking about the need to update their gift and estate planning. There is already an open discussion about a rollback of the 2018 Trump tax cuts in the Biden camp. If Biden’s win is confirmed, and if those sympathetic to Biden’s policy proposals gain control of both houses of Congress, the current generous gift tax of exemption $11.58M, or $23.16M for a married couple, could easily be reduced by 50% or more. Currently, the balance of power will be decided by a run-off election for Georgia’s two senate seats, which won’t be decided until January 5th, potentially too late to make a decisive move.

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Today, the Donohue, O’Connell and Riley team serves as tax, estate planning and elder law counsel to over 5,000 businesses and individuals, advising them on how to save taxes and structure their affairs to preserve their legacy and ensure a smooth transition of their hard-earned wealth between generations.

Areas of Practice

Business Owners and Entrepreneurs

Successful business owners and professionals come to us based on our proven track-record of providing personal service, creativity and results.

Estate and Retirement Planning

We know conversations around health, finances, sensitive family dynamics, retirement and mortality can be difficult. We make it simple.

Elder Law

Our team of compassionate professionals work to fully understand your unique circumstances and consider all the dynamics at play.

Trust and Estate Administration

Our cutting edge fiduciary practice strikes a careful balance between providing flexibility when business and family circumstances change, while efficiently shielding assets from creditors and taxation.

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