Tonight, we should know who will be our next president. While Congress passes tax legislation, the president shapes policy. What plans does Donald Trump have for the estate tax versus Hillary Clinton? How do the plans differ compared to the current rules?
Estate Tax Now
The estate tax is one of three federal transfer taxes – an excise tax, separate from and in addition to the income tax – levied on the privilege of transferring wealth. If you transfer wealth during your ...Continue Reading →
I’m angry. I’m disheartened, dismayed, and disgusted. But mostly, I’m angry.
One of my peers today asked me if I am advising clients to remove life support from their loved ones – their RICH loved ones – quick, right now, before Congress acts to bring back the estate tax.
Because, depending on the nature of the assets, you can do the tax math and decide whether it is more lucrative to allow someone you love to die today, or keep the person ...Continue Reading →