The federal estate tax was initially enacted in 1916. If you were around at that time, and you found out that your estate was going to be taxed, what would you do? Clearly, you would resolve to give gifts to your loved ones that would eventually be … [Read more...] about Use Gift Tax Exclusions to Gain Estate Tax Efficiency
estate tax
Don’t be a Turkey – Use Your Annual Per Donee Exclusion Amount
As fall turns into winter and the holiday season arrives, it’s natural to review the year, plan for the next, and count your blessings. One of the ways to plan for the next year, and perhaps to address some outstanding concerns in this one, is to … [Read more...] about Don’t be a Turkey – Use Your Annual Per Donee Exclusion Amount
Your Estate Plan Should Be Updated Along the Way
A lot of people procrastinate for a considerable amount of time before they put an estate plan in place. Going forward, many do not take action to make revisions as things change because a new cycle of procrastination takes hold. This phenomenon … [Read more...] about Your Estate Plan Should Be Updated Along the Way
Exploding Home Values Can Lead to Estate Tax Liability
It is a good feeling to watch your home go up in value, and in some areas, the prices have dramatically increased over recent years. This is a great development for homeowners and savvy investors, but there is an estate planning dimension to keep in … [Read more...] about Exploding Home Values Can Lead to Estate Tax Liability
Dynasty Trusts
What’s a “Dynasty Trust?” Such a trust is one that continues for the maximum term possible. There can be estate tax advantages to such a trust. Read on to learn more. … [Read more...] about Dynasty Trusts
What Is the 2021 Gift Tax Exclusion?
Many people have concerns about the taxes that can enter the picture when an estate is being administered. The good news is that the laws are actually quite favorable. You do not have to report an inheritance that you receive through the terms of a … [Read more...] about What Is the 2021 Gift Tax Exclusion?
