2022 Estate & Wealth Transfer Planning Insights

Are you and your spouse considering “splitting” gifts? | estate planning cpa in elkton md | Weyrich Cronin & Sorra

Estate & Wealth Transfer Planning

Are you and your spouse considering “splitting” gifts?

Gift splitting can be a valuable estate planning tool, allowing you and your spouse to maximize the amount of wealth you can transfer tax-free.…
Opening up to SLAT opportunities | estate planning cpa in alexandria va | Weyrich, Cronin & Sorra

Estate & Wealth Transfer Planning

Opening up to SLAT opportunities

Estate tax planning can become complicated when multiple parties are involved. For example, you may be concerned about providing assets to a…
Power up your trust with Crummey powers | estate planning cpa in bel air md | Weyrich, Cronin & Sorra

Estate & Wealth Transfer Planning

Power up your trust with Crummey powers

The unified gift and estate tax exemption is set at an inflation-adjusted $12.06 million for 2022, up from $11.7 million for 2021. This means…
Clarity counts when it comes to estate planning documents | tax preparation in alexandria va | Weyrich, Cronin & Sorra

Estate & Wealth Transfer Planning

Clarity counts when it comes to estate planning documents

Precise language is critical in wills, trusts and other estate planning documents. A lack of clarity may be an invitation to litigation. An example…
When inheriting money, be aware of “income in respect of a decedent” issues | tax accountant in alexandria va | WCS

Estate & Wealth Transfer Planning

When inheriting money, be aware of “income in respect of a decedent” issues

Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those who inherit certain…
A beneficiary designation or joint title can override your will | estate planning cpa in alexandria va | WCS

Estate & Wealth Transfer Planning

A beneficiary designation or joint title can override your will

Inattention to beneficiary designations and jointly titled assets can quickly unravel your estate plan. Suppose, for example, that your will…

Connect with Us

Use the form below to send us an email. WCS responds directly to all inquiries and general questions within 24 hours of posting.

This contact form is deactivated because you refused to accept Google reCaptcha service which is necessary to validate any messages sent by the form.

Our Services

Our Industry Expertise

Inspiring your corner of the world.

Hunt Valley Office

20 Wight Avenue
Suite 210
Hunt Valley, MD 21030
410.339.6464
Fax: 410.339.7272

Bel Air Office

139 North Main Street
Suite 201
Bel Air, MD 21014
410.838.2237
Fax: 410.893.9527

Elkton Office

116 West Main Street
Elkton, MD 21921
410.398.1961
Fax: 410.398.1157

Latest Tweets

wcscpas Weyrich Cronin Sorra @wcscpas ·
10 Oct

"Divorce entails difficult personal issues, and taxes are probably the farthest thing from your mind. However, several tax concerns may need to be addressed to ensure that taxes are kept to a minimum and that important tax-related decisions are properly made. Here are six iss ...

wcscpas Weyrich Cronin Sorra @wcscpas ·
8 Oct

"Most not-for-profit leaders are familiar with the concept of excess benefit transactions and the need to avoid them. But a refresher course may be in order, particularly when you consider that 501(c)(3) organizations determined by the IRS to have violated the rules can be li ...