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Category Archives: Estate Tax
Of course, that is not the title of any piece of legislation, pending or passed. In Obama’s budget proposal, presented the other day, tax rates are raised for the mostly hard-earned (and previously taxed) assets of dead people. In addition, … Continue reading
“Inheritances are an equalizing force that mitigates the inequalities found in American household wealth.” Sounds counter intuitive, but check out this article and study: Debunking the “Sin” of Inheritance
Since the current estate and gift tax structure sunsets in less than 15 months, high net worth families must take advantage of the window of opportunity. The portability of the federal estate tax exemption is one area of opportunity. Check … Continue reading
Great article discussing the pros and cons of the new provisions of the 2010 tax act: Why Portability Isn’t a Cure-All.
For those of you in the wealth management arena, this article should get your attention. One of the assertions is that the bulk of estate litigation is the result of mistakes by estate planners. http://estateplanning.wealthcounsel.com/bid/69634/Epidemic-in-Estate-Litigation