by Christine | Oct 10, 2012 | Estate Planning, Estate Tax |
Should the current estate tax law expire at year-end without Congressional action, nearly 15 million U.S. households will have a potential estate tax liability, according to new research. Will the Bush-era tax laws expire after December 31, 2012? To expire or not to...
by Christine | Sep 4, 2012 | 2013, Estate Law, Estate Tax, Gift Tax, Trusts |
“You Must Act Now!” “The Now Moment Has Arrived.” Late-night infomercial pitchmen? Nope. Wealth planners breathlessly warning prospective clients that they have only until Dec. 31 to seize a “historic” opportunity to transfer millions to kids and grandkids, tax free....
by Christine | Aug 30, 2012 | Estate Planning, Estate Tax, Portability |
The Internal Revenue Service in June issued guidance for an estate-tax law Congress passed late in 2010. The IRS recently issued new guidance on an important estate tax issue for married couples regarding the portability of individual estate tax exemption between...
by Christine | Aug 17, 2012 | 2012, Estate Tax, State Estate Tax |
There has been a marked uptick in state-level activity on the estate tax front. With numerous legislative proposals swirling, which ones survived? When it comes to the federal level and the estate tax, we’re all simply waiting for some word from Congress and the White...
by Christine | Aug 9, 2012 | Estate Tax, Family Business, Farms, Liquid Assets |
The American Farm Bureau Federation said it concurs with a Joint Economic Committee report, "Costs and Consequences of the Federal Estate Tax," released Wednesday that details the financial harm posed by estate taxes on family businesses. It’s a simple...
by Christine | Aug 7, 2012 | 2010, Estate Tax, Formula Clause, Trusts |
You need to make sure your will and trusts are worded to accommodate all the possibilities. You also need to revisit them regularly to avoid ending up with a very different result than what you think you're planning. Updating your estate plan to keep it current...
