Estate Tax, Health Care Petitions Advance
We previously posted on November 14, 2016 Trump Presidency Could Be Death Knell For Estate Taxes! If I had not kept an interest in the stock, it would have just decreased my lifetime exemption by $1,000,000. We will address some of the most prevalent and most typical estate planning myths so we can be superior informed. If you owe estate or inheritance taxes at the time of your death, a tax lien automatically attaches to the house and you will not be in a position to sell it with a clear title till the taxes are paid.
This complete situation offers us wonderful angst when we attempt to generate estate plans for families of wealth. The end outcome of this plan is that we will have moved $800,000 into a life insurance coverage trust, minimizing the taxable estate to $1,200,000.
The President, and Congress by extension, will surely not enable …
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