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Tag Archive 'tax'

It is finally here, a permanent estate and gift tax law. Well, as permanent as a law can be given that laws can and generally do change over time. For now, estate planners can breathe a sigh of relief that at least for the foreseeable future, we have some level of predictability when it comes […]

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The simple answer is ALL ASSETS, that is all assets which we want to be subject to the trust instructions. Remember that the trust will only control any assets that have been formally transferred into the trust via a change in title or beneficiary designation. Once of the most common misconceptions is that if an […]

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Please join us for a workshop discussing important Estate and Income Tax Issues for RDPs including: Joint State Income Tax Returns Purchase/Sale/Foreclosure of Home Retirement Accounts Reducing Gift/Estate Taxes When: February 10th, 2010 6:00-7:30 pm Where: CARES Clinic, 1500 21st Street, Sacramento, CA (1st floor conference room) RSVP to (916) 735-1432 More information on estate […]

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The Future of Estate Taxes

Today the House of Representatives voted 225-200 to repeal the one-year elimination of all estate taxes. The elimination is currently set to go into effect starting January 1, 2010. If the Senate passes the same bill, and President Obama signs it into law, the result will be permanent extension of the current 45 percent inheritance […]

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An article FWLG found on Advocate.com (available here) discusses some alarming figures for gay and lesbian couples when it comes to current federal estate taxes. The article, which links to a report by Merrill Lynch Global Wealth Management, mentions that wealthy gay couples may face “an average of $3.3 million more in federal estate taxes […]

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