Posts Tagged tax

Portability

Portability

What is portability in estate planning? When a person passes away, up to $5.49 million (in 2017), will be excluded from the federal estate tax. This exclusion is per person, meaning spouses each have their own exemptions, and the exclusion amount increases each year with inflation. Additionally, […]

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Tax Law Changes Provide Big Opportunity For Estate and Gift Planning

Tax Law Changes Provide Big Opportunity For Estate and Gift Planning

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 has opened a window of opportunity to avoid significant estate and gift taxes for 2011 and 2012. The Act, signed on December 17, 2010, has significantly increased the exemptions and decreased the maximum tax rates […]

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