Effective January 1, 2013, the annual exclusion rate for gifts will increase to $14,000, up from $13,000 in 2012. What does this mean? This means that a person can gift $14,000 per year to any individual without having to file a gift tax return. So I could gift $14,0000 to ea [...]
Digital assets can range from items of financial value like online bank and brokerage accounts to domain names, Twitter accounts and social-media pages. Sometimes accounting for these assets after the death of the owner can be a nightmare. It becomes even more difficult if th [...]
Over the last decade there has been a steep decline in estates owing estate taxes to the federal government. Only 0.6 % of those who died in the USA in 2008 owed any estate tax. Because of the increase of the filing threshold, the number of estates that needed to pay taxes dr [...]
