Tags » Estate Tax

Shummy just can’t help himself

From The Life of Shumlin, by Parson Weems:

“When Peter,” said she, “was about six years old, he was made the wealthy master of a hatchet!

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Peter Shumlin

Not Enough Money for Low-Income DC Residents, But Tax Cut for Wealthy Unchanged

As you local readers probably know, the DC Council passed a budget for the upcoming fiscal year last week. Some changes in what the Mayor had proposed for programs that serve low-income residents. 979 more words

District Of Columbia

Do I Owe My Parents' Debt?

Let’s face it. Not all of us have financially responsible parents. Though we would like to see them as role models, some of us just have parents that don’t make financially sound decisions. 707 more words

Personal Finance

Estate Tax of NRA

Application of Estate Tax to Non Resident Alien:

  • Only properties of  non resident decedent situated in the Philippines are subject to Philippine Estate Tax.
  • Determination of Gross Estate will depend whether there is reciprocity or not, if there is reciprocity intangible assets are excluded for estate tax purposes.
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Taxation

A Lesson from the Prince

Benjamin Franklin once said, “In this world nothing can be said to be certain, except death and taxes.” You know about paying taxes while you are living and working, but did you know that you can be taxed after you die? 784 more words

Money & Banking

Estate planning: Consider a private annuity

Affluent individuals looking for a way to reduce gift and estate tax exposure should take a look at private annuities. These estate planning tools can serve two purposes: You can get a steady income stream until your death, and your children may benefit from a less severe tax bite. 587 more words

Tax

Your trust may be costing you money

Estate planning clients often seem to hold the misconception that once they have completed their estate plan, they are done. Nothing left to do but wait until they need to use it. 390 more words

Wills And Estates