Ong Law Firm

07/09/2025

The 2025 Budget Bill (OBBBA) was signed into law on July 4th , the new law solidifies significant tax reforms from the 2017 Tax Cuts and Jobs Act (TCJA). For high-net-worth families, collectors, and trustees, several crucial aspects stand out for estate planning.

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This is a generationally significant moment—strategic action now can preserve and protect multigenerational wealth when it matters most.

03/04/2025

When people say "boy Easter is late this year" Hit them with real data....sure to make you a favorite at any gathering ...ps its True over the next 500 years.

12/15/2024

https://www.wsj.com/personal-finance/his-will-was-a-selfie-video-but-courts-ruled-it-didnt-count-75e90cf8?st=KKDhoH&reflink=desktopwebshare_permalink

Why the written word is still the final word in estate planning.

10/23/2024

The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025. The 2025 Estate tax exclusion number is $13.99 million & $19,000 for gift taxes.

09/17/2024

https://www.fidelity.com/learning-center/personal-finance/retirement/non-spouse-IRA

Here’s what non-spouse beneficiaries of IRAs need to know.

09/17/2024

https://taxfoundation.org/research/federal-tax/2024-tax-plans/

Tax policy has become a significant focus of the U.S. 2024 presidential election. Our new interactive tool helps keep track of the tax policies proposed by presidential candidates during their campaigns.