by Christine Brown | Nov 30, 2022 | Estate Planning, Estate Tax, Portability
Federal estate tax law includes a provision called portability. This provision only applies to married couples. It allows the surviving spouse to use any part of their deceased spouse’s unused estate and gift tax exemption. Including portability in an estate plan...
by Christine Brown | Feb 28, 2022 | Estate Planning, Estate Tax
When you create an estate plan, you might wonder how to avoid or reduce gift and estate taxes when your beneficiaries receive your assets. An irrevocable trust is an excellent option to accomplish this goal. More specifically, a Grantor Retained Annuity Trust (GRAT)...
by Christine Brown | Mar 31, 2021 | Estate Planning, Estate Tax
The IRS recently announced the 2021 federal estate tax rate limits, which are $11.7 million for individuals and $23.4 million for married couples. This is increased from $11.58 million and $23.16 million respectively in...
by Christine Brown | Feb 23, 2017 | Estate Tax, Inheritance, Inheritance Tax, Wills |
When the subject of inheritance is being discussed, people almost always ask this question to their Will and Trust lawyer in Torrance. Here is what you need to know about how you might be taxed on an inheritance. Income Taxes The IRS expects you to report every...
by Christine Brown | Jan 18, 2017 | Estate Planning, Estate Tax, Trusts |
If I had to pick one question that I am asked the most, I’d have to say this one ranks way up there… Do I need a new estate plan if I move out of California? Just like the answer to most estate planning questions, the answer is “it depends.” However, this one has a...
by Christine Brown | Sep 1, 2016 | Dynasty Trust, Estate Planning, Estate Tax, Uncategorized |
A lot of people complain about high taxes. Looking at what the government takes from your weekly paycheck can be frustrating. But, it could be worse. Even people who don’t complain about taxes (there are a few) and understand it takes money to run the government would...
