by Arthur Geffen | May 22, 2019 | Estate Planning, Estate Tax, Portability
Listen up, financial advisors: There’s a simple way to help wealthy clients shield more of their estates from taxes, yet it’s often overlooked. Newsletter Sign-up That’s according to InvestmentNews, which looks at what’s known as “portability” for married...
by Arthur Geffen | May 20, 2019 | Estate Planning, Estate Tax
The federal estate tax (sometimes called the death tax) is a one-time tax that is imposed at death. If you die with a certain dollar amount of assets – currently, estates under $11.4 million are exempt, but this reverts back to $5 million in 2026 – a federal...
by Arthur Geffen | Apr 30, 2019 | Estate Planning, Estate Planning Solutions, Estate Tax, Income Tax
Less estate tax planning may be better for longer-living richThanks to longer retirement horizons, rich households may benefit from doing less tax-related estate planning, experts told Bloomberg. “People used to do a lot of wealth transfer planning when they...
by Arthur Geffen | Oct 29, 2018 | Estate Attorney, Estate Lawyer, Estate Planning, Estate Planning Solutions, Estate Tax
Death and taxes may be unavoidable. Taken together, they become a firestorm. The federal estate tax has been a hot-button issue since it was first imposed under the Revenue Act of 1916, when 10 percent was levied on portions of an estate exceeding $5 million....
by Arthur Geffen | Oct 3, 2018 | Estate Planning, Estate Tax, Tax Planning
Even as controversy heats up around the transfer of wealth from the real estate empire of the president’s father, Fred Trump, to his children, it’s getting much easier to gift millions of dollars — legally — to family. The Tax Cuts and Jobs Act...
by Arthur Geffen | Sep 5, 2018 | Estate Planning, Estate Planning Solutions, Intestacy
The vast majority of folks are no longer exposed to the federal estate tax, thanks to today’s ultra-generous $11.18 million exemption for singles or effectively $22.36 million for married couples. Great! But being exempt from the federal estate tax is not the...
