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 | Dec 19, 2014 | Asset Protection, Estate Planning, Estates, Inheritance Tax, Living Trust, Probate, Tax Planning, Trusts, Wills |
“Why do we care about these perpetual trusts?” Mr. Sitkoff said. “Because there’s a lot of money in them. Billions of dollars is pouring into these jurisdictions.” Perpetual trusts: good or bad? The principle of this tool is up for debate. Perpetual trusts allow trust...
by Christine | Dec 8, 2014 | Asset Protection, Beneficiary, Elder Law, Estate Planning, Estate Tax, Inheritance Tax, Living Trust, Probate, Trusts, Wills |
By keeping even modest sums of money protected, trusts can ensure that your wishes for your money will be honored into the future. A recent article by the Motley Fool,titled "5 Things You Didn't Know — but Should! — About Trusts," sheds some...
by Christine | Oct 31, 2014 | Annual Gift Exclusion, Asset Protection, Assets, Conservatorships, Death Tax, Durable Power of Attorney For Finances, Elder Law, Estate Planning, Estates, Gift Tax, Guardianships, High-Net-Worth, Individual Retirement Accounts (IRA), Inheritance, Inheritance Tax, Living Trust, Probate, Trusts, Wills |
Moving to New York to avoid state death taxes? “When your bordering state is telling you, ‘Come on over!’ the pitch is compelling,” McManus says. “If New York has a more welcoming tax scheme, then people will say, ‘Let’s call me a New York resident.’” McManus says...
by Christine | Nov 15, 2013 | Estate Law, Estate Tax, Inheritance Tax, Interstate Estate, State Law |
There are steps that residents of states with steep estate taxes can take–short of moving–to help minimize such bills or avoid them altogether. Although the Federal government may cast a big shadow in terms of estate taxes, don't forget those state laws lurking in...
by Christine | May 24, 2013 | Estate Tax, Inheritance Tax |
Even if death and taxes are the only things certain in life, state legislators say they can never be certain about death taxes. The fiscal cliff-bridging budget set and made “permanent” the estate tax at a generous $5.25 million exemption amount. Good news, right? But...
