Many individuals mistakenly believe that they need a large estate before concerning themselves with taxes at their death. While the Federal government does not impose taxes until an estate exceeds the Applicable Exclusion Amount, it’s important to the role that state estate and inheritance tax play, as well as a beneficiary’s own financial picture. Without careful consideration regarding the source of payment, disastrous consequences result. Read on to learn more.
- What Happens When You Don’t Trust Your Trustee – Part I - March 21, 2023
- What You Need to Know About SECURE Act 2.0 - March 14, 2023
- The Importance of Having an Estate Plan - January 18, 2023