estate and inheritance tax

2010 Estate Tax Elections have a Deadline of November 15

August 15, 2011 18:31

2010 - The year of there wasn't an estate tax, there could be an estate tax, or you choose if there will be an estate tax (nice thoughtful tax law policy there Washington ... not).   However, we now do have a date of when you must elect to go with the 2010 no estate tax law, or the 2011 $5...

What's In an Estate Plan - The Wealthy and Wise Episode 2

May 09, 2011 13:06

Check out the second episode of The Wealthy and Wise.  In this episode we acknowledge that that estate plans can seem remote, mysterious, complicated and expensive when you don’t know “What makes up an estate plan” and don’t have an overview the information necessary...

New Jersey to Become a Better Place to Die? Estate Tax Exemption Rate on the Rise

March 16, 2011 14:09

If you follow this blog, you know that New Jersey is the most expensive state to die in.  In an effort aimed at changing that distinction, Governor Christie in his budget proposal has recommended increasing the New Jersey Estate Tax Exemption Amount from $675,000 per person to $1 million per...

NJ is #1! On "The Worst Places to Die" List

February 22, 2011 13:57

SmartMoney just published "Estate Taxes: The Worst Places to Die" and New Jersey takes the number one spot. 16 states and Washington DC have an estate tax seperate from the federal estate tax (which has a current exemption amount of $5 million per person for deaths in 2011-2012)....

Make Large Gifts Now, Pay More Tax Later?

February 16, 2011 15:13

If you make big gifts in 2011-2012, what happens when you die in 2013 and beyond? Right now, and continuing through 2012, there is a gift tax/estate tax/GST exemption amount of $5,000,000 per person. We have discussed before what a fantastic opportunity this can be for wealthy families to do...