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The federal estate tax is levied on the assets of individuals after their death. The tax is controversial and subject to frequent change by the U.S. Congress. The tax is based on what is called...
Gifting assets to children can reduce both income and estate taxes. However, failure to do so correctly can result in unnecessary gift or estate taxes. Fortunately, this mistake can be easily...
The federal government has been imposing taxes in some form or another since the 18th century. The first taxes came from commodities such as tobacco and liquor. More than two centuries later, the...
Property owned by a U.S. citizen at the time of his death is subject to a federal estate tax until 2010, when the tax is scheduled to be repealed. However, it is scheduled be reinstated in 2011....
The Economic Growth and Tax Relief Reconciliation Act of 2001 was a bill passed by congress that made significant changes in several areas of the US Internal Revenue Code. Noticeable differences...
When you die, your estate, which includes the money and property you own, may be subject to the federal estate tax. Typically, the average household won't be subject to the estate tax, but those...
The federal estate tax is a tax on the transfer of property from a deceased person. A very small percent of all families ever have to pay the estate tax, but, for those who do, the filing is due...
Unfortunately, there are many individuals who purchased investment properties only to find that the real estate market tanked and they were stuck with properties that were not worth what they paid...
An irrevocable trust is established to allow a person to make gifts to an estate, either by will or during life, thereby relinquishing ownership and control of those assets. A person would set...
The Internal Revenue Service estimates that less than 2 percent of estates will be subject to an estate tax. Why is that? Because, in addition to a Unified Credit (which we'll explain later),...
The estate tax is a fee the federal government collects when a person dies and transfers his assets to another person or persons as specified by his will. Married couples need not pay estate tax,...
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