Tag Archives: inheritance tax
Understanding the 2020 Gift & Estate Tax Exemption
Almost nobody has to worry about paying federal estate taxes upon their death, so long as they die soon and aren’t multimillionaires. The 2020 gift and estate tax exemption is so large it might as well be the rule — $11.58 million for an individual, $23.16 million for a married couple. Unless you are one […]
Highlights of Estate Planning Goals and Objectives
When most people think about estate planning, the first issue that pops into their mind is taxation. After all, you don’t want to work your entire life and amass a small fortune, only to see the federal and state tax authorities come in and carve out half of that for themselves, rather than it going […]