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Estate Tax

Found 51 Articles.
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Estate Planning

Recent Changes in Estate Planning and Gift Tax Laws

November 27, 2017

Congress continues to debate whether or not to eliminate the estate tax, but other changes in the estate and gift tax law will take effect by January 1, 2018. The Treasury Department withdrew the controversial proposed regulations that would have eliminated or curtailed many of the strategies the wealthy use to reduce estate taxes. The […]

Estate Planning

Should Estate Planning Ever Be Put On Hold Because of Potential Estate Tax Changes?

June 22, 2017

Tax reform proposals slowly are being developed in Congress, including changes in the estate tax. People are asking, “Should I delay my Estate Planning until the new law is clear?” We’ve been down this road before, and the answer is: You shouldn’t delay. Congress is looking at changing only the federal estate and gift taxes, […]

IRS Announces 2017 Estate, Income Tax Adjustments

November 10, 2016

The IRS announced the inflation-indexing of many tax provisions for 2017. The lifetime estate and gift tax exemption will increase to $5,490,000 from $5,450,000 for the estates of those who pass away in 2017. That gives married couples a potential joint exemption of $10,980,000. The annual gift tax exclusion remains at $14,000 in 2017, where […]

Estate Planning Estate Tax and Trust Tricks, Traps for Married Couples

April 3, 2016

Too many married couples are making a big mistake. They believe current estate tax law exempts them from having to plan or consider estate taxes in their plans. That misunderstanding could lead to problems. While the estate tax law enacted in early 2013 has many benefits, you need to know how to maximize them. Two […]

Why and How to Prove Your Legal Residence and Minimize Estate Taxes

September 1, 2015

Many states don’t like when people leave theri residence to live in other states. It’s nothing personal. The state governments need your tax dollars, and some states will do anything they can do retain as much of your taxes as they can. A state won’t stop you from physically leaving, but it will argue that […]

estate planning

Popular Tax Exemption Strategy Upheld

August 1, 2015

The IRS recently lost a Tax Court case involving an estate and gift tax exemption strategy that the IRS and some in Washington have been trying to eliminate. The estate planning strategy is known as the Crummey trust, named after the taxpayer in the case that originally approved it. The recent case not only upheld […]

estate planning

Estate Tax Tricks, Traps for Married Couples

February 1, 2015

Too many married couples are making a big mistake. They believe current estate tax law exempts them from having to plan or consider estate tax implications in their plans. That misunderstanding could lead to problems. While the estate tax law enacted in early 2013 has many benefits, you need to know how to maximize them. Two […]

estate planning

New 2014 Estate, Income Tax Levels for Estate Planning

December 1, 2013

Most of the inflation-indexing adjustments that will affect Estate Planning for 2014 were announced in November 2013. The estate tax exemption for 2014 is $5,340,000 per person. This applies to a combination of lifetime gifts and the estate value. It is an increase from $5,250,000 in 2013. 2014 Gift Tax Exclusion Affecting Estate Planning The […]

March 2021:

Congress Comes for your Retirement Money

A devastating new law has just been enacted, with serious consequences for anyone holding an IRA, pension, or 401(k). Fortunately, there are still steps you can take to sidestep Congress, starting with this ONE SIMPLE MOVE.
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