How to Protect Your Property from the Estate Recovery Act
The Estate Recovery Act technically isn’t a tax, but it involves the government taking money out of your estate after you die. In fact, the Estate Recovery Act can have a far more devastating impact on [more…]
Making Sense of Your State's Inheritance and Estate Taxes
Some states are repealing or phasing out their inheritance or estate taxes, but other states that currently don’t have estate-related taxes are instituting an inheritance or estate tax. Whereas most state [more…]
Using Will Substitutes to Reduce Estate Taxes
Why would you want to use a will substitute (a legal agreement that transfers ownership upon your death) rather than your will for certain property? Property covered by a will substitute is transferred [more…]
Federal Laws Help Ease Tax Burden in Estate Planning
The federal tax system includes a gift tax, generation skipping transfer tax (GSTT), and estate (death) tax that work together to make as much of your estate as possible disappear. The laws and rules for [more…]
Is Your Estate Subject to Federal Estate Tax?
You may be one of the few people whose estate would have to pay federal gift or estate taxes, meaning that some of your “stuff” may end up going to Uncle Sam. How do you know if you’re in that situation [more…]
