Once upon a time…using a trust to avoid estate taxes is what motivated many people. Now, each person can pass $5.9 million at their death – virtually estate tax free (some exceptions apply). 304 more words
Tags » Probate
Marie Champion was the third child of Claude Champion de Crespigny (1620-1695) and his wife Marie de Vierville (1628-1708).
Marie was born in about 1655 in France and came with the rest of her family to England after the revocation of the Edict of Nantes. 668 more words
The term “probate” is associated with estate planning and describes the legal process by which a decedent’s will is processed by a special court. An executor of the estate is named to handle the decedent’s affairs and administer the estate throughout the probate process. 496 more words
Every tax practitioner knows the general rule that the IRS has 10 years to collect a tax after the assessment. That isn’t blog material. Less well known because it is infrequently litigated, is the flush language of IRC §6502(a), which states that the collection statute of limitations is tolled if a timely proceeding in court is commenced when the collection statute is open. 622 more words