Tags » Estate Tax

Should we get married?

In the wake of the recent Supreme Court decision affirming the right of same-sex couples to marry, it is time to discuss some legal and economic factors a couple might consider (in addition to the religious, societal, and emotional ones) when thinking about whether they should tie the knot: 237 more words

Wills And Estates

Gift and Estate Taxes: Knowing What Needs to be Reported

The gift tax and estate tax only apply to gifts and estates greater than $5.43 million (or $10.86 million per couple). But even if you’re among the vast majority of Americans whose net worth is well below these amounts, it is still important to understand the basics of these tax systems. 992 more words

Personal Tax Advice

Do you need a Trust? Maybe, Maybe Not ... Benefits of a Revocable Living Trust

Trust – It should have been a four letter word considering all of the confusion it causes. Living in Texas, there are not as many uses for the revocable trust, however, we continue to warm to the Trust and find it very useful in many situations. 230 more words

General Financial Planning

Is estate planning obsolete? Think again!

I have heard rumblings that estate planning is no longer necessary because the estate tax exemption is over $5 million per person, so only those with more than that need to do any estate planning.   636 more words


Estate Planning Update on Valuation Discounts

A potential update to valuation discount guidance involving intra-family transfers was shared with us by the Blum Firm, P.C., and we wanted to make you aware. 204 more words

Real Estate

New Estate Tax Closing Letter Procedure Issued

New Estate Tax Closing Letter Procedure Issued

IRS adds additional burden on estates by no longer automatically issuing closing letter

The Internal Revenue Service quietly made a significant change to their procedures regarding estate tax returns.  1,086 more words

Jack A. Bass