The holiday season is upon us and 2017 is right around the corner. In all of the holiday hustle and bustle it is easy to forget or skip a few items on your to-do list. One thing you should be sure to get done before the end of the year if you...
Category: Estate Tax & Gift
Estate Planning Lessons from Joan Rivers
Many of us like to make an entrance. But, some of us, like recently passed Joan Rivers, want to make an exit. When referring to an exit, we mean a final exit, or a funeral. Rivers wanted her funeral to be Hollywood affair. She wanted a flashy, star-studded event, a...
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2013 Estate Tax & Gift Update
Once you’re worth more than a certain amount, your estate will have to pay estate taxes upon your death. Under the 2010 tax law, each spouse can transfer up to $5 million tax-free during life or at death. The tax rate for amounts transferred over the exemption was 35%.
If Congress had not acted, the...
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2011 Estate and Gift Tax Update
2011 Estate Tax Update
In December of 2010, President Obama has reached a deal with Republicans on the status of the estate...
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Summary of Estate Tax Law 2009-2011
Federal Estate Taxes are a subject of much controversey and as of this writing in a state of flux. In 2001, a new estate tax law was enacted with a goal of eventually eliminating the estate tax beginning in 2010. 2010 is the last year of the law and if a new law is not...
2010 Estate Tax update
Due to the inaction of Congress at the end of 2009, we enter 2010 with the estate tax law in a state of flux. We have new estate tax law that went into affect at the first of the year that will likely be superceded by a new estate tax law sometime this year. ...
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