Category Archives: Estate Taxes
List Of ‘Where Not To Die’ Updated For 2015
In the somewhat macabre Forbes magazine’s annual list of “where not to die in 2015,” some changes are noted over the recommendations for the current year. (Photo credit: Wikipedia) Since most people probably think there is no such thing as a good place to die at all, the focus for the publication’s ongoing series… Read More »
The Heart, As Well As The Head, Plays Role In Estate Decisions
Good estate planning goes behind the numbers to take the individuals involved into account. When it comes to giving gifts to family and loved ones through a will or while still alive, there are tax implications to be taken into consideration, but a host of other factors come into play, as well. A recent… Read More »
‘Domicile Planning’ Now Part Of Estate Planning Lexicon
People don’t generally get to choose when they die, although most would probably opt for never. Taxes (Photo credit: Tax Credits) Many so, however, have some say about where they will be when the inevitable comes to pass, and that can have major implications for estate planning, according to a recent article in Forbes… Read More »
While Not Advisable, Battling IRS Need Not Mean Defeat
Getting into a fight with the Internal Revenue Service is almost never a good idea. However, one wealthy woman did win a legal battle regarding the gift tax exemption. “There wouldn’t seem to be a whole lot of loopholes available for people making use of the gift tax exemption to reduce their estate taxes,”… Read More »
Official residency has estate-planning implications
Many people live in different states at the same time; euphoria and confusion come to mind. In a physical sense, however, we are all in only one place at one time, although some people enjoy having homes in different locales. While folks who live half the year in, say, South Carolina and the other… Read More »
Changes in the Law Change Where it’s Best to, Um, Die
Death may be a certainty, but the taxes attached to departing this veil of tears are anything but. “When it comes to state death taxes, nothing’s certain,” according to a recent article on Forbes.com. Entitled “Where Not To Die In 2013 Update,” the piece described changes in the law in various states that have… Read More »
Decision ‘Will Radically Change Estate Planning’
The U.S. Supreme Court decision relating to same-sex marriages will have far-reaching effects. (Photo credit: Wikipedia) Among other things, according to a recent item in Forbes magazine, the ruling “will radically change estate planning for affluent same-sex married couples.” “That’s true not just for the specific issue that was before the Court, but for… Read More »
Is The Demise Of Estate Tax Inevitable?
While the estate tax lives on despite long and protracted efforts to eliminate it, there is some optimism that its days may be numbered. “The estate tax has a history as long and controversial as the income tax,” according to a recent opinion piece in The New York Times by Kenneth F. Scheve Jr…. Read More »