Estate Law

Form 1041 is the income tax return filed with the IRS by the fiduciary of an estate that receives income after a taxpayer dies. If an executor has been appointed for the estate, then the executor...

When an individual (known as a decedent) passes away, the ownership of income, property or assets he or she transfers to an estate. This allows the executor to handle the decedent’s affairs,...

A federal employer tax identification number (EIN or FEIN) is a unique identifying number for employers and other entities that must pay federal taxes. The estate of a person who has died is...

Inheritance taxes, also sometimes called death taxes, are state taxes on money and property received by inheritance. The person who accepts an inheritance, such as the son or daughter of a...

Federal estate tax is imposed by the IRS on the transfer of any taxable portion of an estate. To determine federal estate tax, calculate the adjusted net estate, then review the estate tax chart...

A death in the family brings lots of emotions, but it can also bring about a lot of questions. Often, those questions are financial in nature, and though this is a delicate time, it is important...

As you near the point where you may pass on from this life, you need to decide how to deal with the property that you have accumulated during your lifetime. The choices you make can have...

The federal estate tax can take huge chunk of money out of an estate, with the estate tax rate currently at 45 percent. Fortunately, you can claim some deductions that will result in a lower tax...

Estate taxes can be a significant burden to beneficiaries of a wealthy decedent. The amount taxable varies from year to year and always gives the grantor---the person giving the property away---a...

An estate tax is a federal tax, imposed by the Internal Revenue Service, that applies generally to estates worth at least $1 million. The federal gift tax is a tax that people who receive gifts...

Your estate is the total all of your property when you die. If it is worth enough money, your estate will have to pay a federal estate tax, sometimes called the "death tax," before any of your...

The United State began taxing estates and inheritances in 1916. Many times you hear these taxes called "death taxes." Proponents say the taxes keep the nation's wealth from being concentrated...

When a loved one dies, it can be a traumatic experience. Of course, personal feelings aside, in many cases, legalities involve themselves in the loss. Among those are inheritance and the taxes...

Oregon, like many other states, charges an inheritance tax. This tax is imposed on heirs and beneficiaries of property transfers from a deceased person's estate. As is often the case with state...

Technically speaking, an inheritance tax is different from an estate tax. The latter is a tax on a decedent's gross estate, while the former is levied against the share an individual receives of...

Estate planning is an extremely important step to take if you have any assets that you want to make sure to pass to your heirs in the most financially prudent manner. To ensure that you select the...

Too many lawyers will take your money to help them learn a new area of law, and wills, powers of attorney, health care directives, and estate administrations are good examples of this. Estate...

Most people have imagined what they would do with a sudden windfall. These musings usually involve paying off debts and make luxurious purchases. Is there a downside to inheriting besides the...

When people refer to estate tax, they are probably referring to the federal estate tax, and not state inheritance or estate taxes. The federal estate tax is paid out of an estate before any other...

Inheritance taxes are state taxes levied on property that someone leaves to you in his will. When you inherit property, you are responsible for the inheritance taxes. The federal government does...

An estate tax is applied to real estate and personal property estate after a death. Estate taxes have to be paid when directing the last will and testament of a deceased individual, or when...

You have nine months after the date of death to file an estate's tax return to the IRS. Learn how many months you have to file an estate tax return from an estate planning and probate lawyer in...

You may have to file an estate tax return if a surviving spouse or charity is not set to inherit everything. Find out when you must file an estate tax return from an estate planning and probate...

If someone dies, executors or trustees file estate taxes and also an income tax return for the year of death. Learn about filing incoming tax after someone dies from an estate planning and probate...

A capital gains tax is a tax on profit. Find out what capital gains taxes are from an estate planning and probate lawyer in this free video on estate law.

Every so often tax situations arise and you’ll need the services of a tax attorney. In general, may citizens prefer to handle tax situations on their own or with an accountant. There are...

Called by some as the "death tax," the estate tax is one of the most controversial single aspects of the U.S. tax code because it falls most heavily on those who have the largest voice in...

There are plans to protect your major stock assets from maximum taxation upon your death. Making gifts of stocks is just one way to protect your estate from taxation. Recapitalizing as a...

The key to maximizing wealth is transferring assets while continuing the growth of the assets. Transferring assets to another is a big decision in estate planning. Appoint a person you trust and...

The point of estate planning is to take care of your loved ones. In dividing up your assets you can create a great deal of tax burden that can leave nothing for your beneficiaries. There are...

It is never too early to plan how to disburse your estate upon your death. Tax laws can create huge burdens on your estate leaving nothing for your beneficiaries. Letting go of the strings you...

Maximizing marital deductions will result in reducing federal estate taxes. A spouse can receive 100 percent of the gross estate free of any estate tax. There are advantages to being married....