Estate Planning

1 10, 2012

Effective January 1, 2013 Annual Exclusion Rate for Gifts Will Increase to $14,000

2020-08-04T18:02:59+00:00By |Estate Planning|

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 [...]

1 08, 2012

What To Do With Virtual Assets In Your Estate Planning?

2020-08-04T18:11:57+00:00By |Estate Planning|

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 [...]

1 08, 2012

Steep Decline In Estates Owing Estate Taxes

2020-08-04T18:13:23+00:00By |Estate Planning|

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 [...]

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