...imposed a death tax equal to the federal credit decoupled their tax systems from the federal tax system, and began to impose a stand-alone death tax. Many states now only...
...about our heirs and beneficiaries having to pay estate taxes. That does not mean however that we don’t need estate planning. If we can help with your estate plan, contact...
...assets are gathered; outstanding debts, taxes, and expenses of the funeral and the probate process are paid; and the assets are distributed to the beneficiaries in the will. Following here...
...Morgan, R. and English, D., Tax, Estate & Financial Planning For The Elderly, §13.03[1] at 13-5 (Matthew Bender 1999). An agent under a power of attorney is specifically authorized by...
...tax to the remainder beneficiaries. Since 2.4 percent is a relatively low threshold, even in today’s market, clients are becoming more interested in this estate planning vehicle. For the client...
...are helpful when deciding how detailed your records need to be. Record Keeping for individuals http://www.irs.gov/pub/irs-pdf/p552.pdf Starting a business and keeping records http://www.irs.gov/pub/irs-pdf/p583.pdf Travel, Entertainment, Gift, and Car Expenses http://www.irs.gov/pub/irs-pdf/p463.pdf...
...administration, probate, elder law, and death tax planning. The firm has presented numerous seminars and written published articles on all aspects of tax, elder law, probate, trust and estate planning....
...an estate plan, review your documents to ensure proper estate tax planning is in place. If you have no estate plan, you should talk to an estate planning attorney to...
...Surprise: The life expectancies that govern mandatory IRA distributions as given in IRS tables are not actual life expectancies. The IRS life expectancies are much longer than actual average life...
...IRAs. Individual Retirement Accounts (IRAs) have been one of the most popular retirement vehicles for the past generation of investors. They let you enjoy tax-deferred savings over an extended period...
...gift-tax exclusion. The $1 million lifetime federal gift-tax exclusion counts toward the federal estate-tax exemption, a tax levied upon death that is currently capped at $2 million but scheduled to...
Tax-Plan Highlights Here are some of the details of President-elect Obama’s tax plan. INCOME TAX Maintain current tax rates of 10% to 28% for most Americans. Reinstate top tax rates...
