by Arthur Geffen | Jan 3, 2013 | Estate Attorney, Estate Lawyer, Estate Planning, Estate Planning Solutions, Estate Tax
Now that the fiscal cliff has been averted — at least temporarily – there is widespread confusion about the effect on estate planning of the 11th hour tax law passed by the Senate on New Year’s Eve, and by the House of Representatives one day later. Mostly what...
by Arthur Geffen | Dec 13, 2012 | Estate Tax
Texas could use the windfall! If Congress does nothing, the federal estate tax law reverts to pre-2001 parameters, including an obscure provision known as the state death tax credit that allows states to share in estate tax revenue the Treasury collects. As a result,...
by Arthur Geffen | Dec 3, 2012 | Estate Tax
Obama wants to raise the rate to 45 per cent after a $3.5 million exemption. If the Bush rates are allowed to expire and Congress does nothing, the rate will shoot up next year to the pre-Bush levels of 55 per cent after a $1 million exemption. Obama pursues...
by Arthur Geffen | Jun 29, 2012 | Estate Tax
Estate tax in the United States – Wikipedia, the free encyclopediaThe estate tax in the United States is a tax imposed on the transfer of the “taxable estate” of a deceased person, whether such property is transferred via a will, according to the...
by Arthur Geffen | Jun 28, 2012 | Estate Planning, Estate Planning Solutions, Estate Tax
To hear estate planners and “death tax” opponents tell it, a crisis looms. Unless Congress acts by Dec. 31, the amount exempt from the federal estate tax will drop from $5.12 million to $1 million and the number of estates subject to the tax will jump 16-fold...
by Arthur Geffen | Jun 12, 2012 | Dynasty Trusts, Estate Attorney, Estate Lawyer, Estate Planning, Estate Planning Solutions, Estate Tax
Those who manage the wealth of the rich and super-rich are warily eyeing an Obama administration budget proposal for 2013 that would require people who create trusts, known as grantors, to include the assets of their trusts in their own estates for estate tax...
