Asset Protection

Navigating Estate Tax Planning

Navigating the intricacies of your financial legacy can be a daunting task. Understanding the nuances of the estate tax and implementing robust estate tax planning strategies can ensure that your beneficiaries enjoy the fruits of your labor without being overburdened by tax liabilities. What Is Estate Tax and Who Is Subject to Estate Tax? The estate tax, often called the death tax, is a tax levied on the total value of a person’s estate upon their death. If the estate exceeds certain thresholds, it becomes subject to federal estate tax, potentially diminishing the wealth passed on to heirs.

December 25, 2023

Estate Planning

Who Pays Taxes, the Estate or Heirs?

The heirs of an estate can be liable to pay the estate or income taxes (and perhaps other obligations) of the estate.

August 1, 2023

Asset Protection

Plan for Expiration of Tax Cuts and Jobs Act

This sunsetting creates a big imperative for business owners to take a closer look at tax planning, and not treat a grim fiscal inevitability like another unfortunate surprise.

July 31, 2023

Asset Protection

How Do You Split Property Among Heirs?

If you thought that doing your taxes got complicated when you acquired more assets, wait until you try to split them up among multiple children when planning their inheritance.

July 25, 2023

Estate Planning

Prepare Now for Coming Estate Tax Changes

One of the most significant changes Americans will soon see is the sunsetting of tax laws under the Tax Cuts and Jobs Act (TCJA) of 2017.

June 26, 2023

Asset Protection

What Is the Meaning of Step-Up in Basis?

Step-up in basis, also known as stepped-up basis, is a wrinkle in the federal tax code that can help heirs avoid or reduce taxes on inherited assets.

May 8, 2023

Asset Protection

Does Estate Tax Have an Impact on My Plans?

There is no Florida estate tax, although you may still be subject to the federal estate tax. It’s one of 38 states in the country that doesn’t levy a tax on estates, regardless of size.

May 4, 2023

Charitable Planning

What’s a Bequest?

When a person uses a will to leave property to their family, friends or the causes they support, the act is known as a bequest. A bequest can be the cash, investments, jewelry or other items that a person passes to beneficiaries when they die.

February 21, 2023

Advanced Directives

How to Plan a Business Succession

A frequent complaint by next-generation members is that the senior generation never fully lets go of business tasks.

February 16, 2023

Asset Protection

How Do I Reduce Size of My Taxable Estate?

Today’s high estate and gift tax exemptions could be slashed in a few years. Maximize those and other benefits now.

February 8, 2023

Category: Estate Tax

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Navigating Estate Tax Planning

Who Pays Taxes, the Estate or Heirs?

Plan for Expiration of Tax Cuts and Jobs Act

How Do You Split Property Among Heirs?

Prepare Now for Coming Estate Tax Changes

What Is the Meaning of Step-Up in Basis?

Does Estate Tax Have an Impact on My Plans?

What’s a Bequest?

How to Plan a Business Succession

How Do I Reduce Size of My Taxable Estate?

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