Estate Planning, Questions About Estate Tax
Under federal tax law, the person making a gift (the donor) is responsible for any federal gift tax due—not the recipient (donee). The gift’s recipient (the donee) does…
Questions About Estate Tax
If you have close relatives, like parents, who are citizens and residents of a foreign country, there is a chance you might receive a gift or inheritance from…
Under our country’s tax laws, it is the person making a gift (the donor) who is responsible for any gift tax that is due. The gift’s recipient…
The Tax Cuts and Jobs Act was signed into law on December 22, 2017. It represents the most significant tax overhaul in decades. Although efforts by the…
Estate Planning, FAQs About Estate Planning, Questions About Estate Tax
NB: For information on the current state of the estate tax in light of the Tax Cut and Jobs Act, click here. One of the biggest issues…
The IRS recently announced the estate and gift tax limits for 2016. In 2016, the exemption amount for individuals increased from $5.43 million to $5.45 million, which…
A couple of months ago, after the Supreme Court ruled that Section 3 of the Defense of Marriage Act was unconstitutional, I explained that there was…
NB: For information on the state of the estate tax in light of the Tax Cut and Jobs Act, click here. For…
FAQs About Estate Planning, Questions About Estate Tax
I often get calls and emails from Texans concerned about the amount of federal estate taxes that will be owed after their death. They worry that…
NB: This article was published on July 25, 2012 and contains information that may be outdated. For current information regarding the estate tax, read: Estate Tax Certainty…For…