Category Archives: Federal Estate Tax

To Trust or not to Trust: Part III…Taxes and Privacy are Factors in Creating a Trust

Posted on June 13, 2011 by

Another reason a person might want to establish a trust is the privacy a living trust bestows. A will needs to be probated, or in layman’s terms, submitted to the court for review. The will becomes part of the public … Continue reading →

Posted in Estate Planning, Factors for Creating, Federal Estate Tax, Revocable Living Trusts, Trusts | 4 Comments

Why the rise in the Federal Estate Tax Exemption to $5 million shouldn’t stop you from planning your estate?

Posted on December 20, 2010 by

On Friday, December 17th, President Obama signed an $858 billion dollar tax compromise.  The compromise stopped a rise in numerous income tax rates AKA “the Bush Tax Cuts” from coming back on January 1st and extended unemployment benefits for millions … Continue reading →

Posted in Advanced Medical Directives, Durable Power of Attorney, Estate Planning, Federal Estate Tax, Guardianships, Living Will | Leave a comment

Does the Rumored Tax Plan Impact the Estate Tax?

Posted on December 7, 2010 by

A number of media reports state that President Obama and Congressional Republicans have agreed on a tax/budget deal yesterday, December 6, 2010. I will not speak to the politics of the deal, but the question is how that compromise impacts … Continue reading →

Posted in Federal Estate Tax, Income Tax, Uncategorized | 1 Comment

The Basics of Virginia Probate Administration…Part VIII: Taxes

Posted on October 28, 2010 by

This is my eighth post on my continuing series on the Virginia Probate Administration taxes.  You can read previous posts on this series including Part I: introduction to probate (here), Part II: qualifying to be the personal representative (here), Part … Continue reading →

Posted in Federal Estate Tax, Income Tax | 2 Comments

Maybe Billionaires Beneficiaries aren’t skipping out on 2010 Estate Tax

Posted on October 25, 2010 by

There is an interesting article in the Wall Street Journal last week that discusses how the beneficiaries of Dan Duncan’s estate might not have been greatly impacted by the lack of an estate tax in 2010.  Duncan, natural gas tycoon … Continue reading →

Posted in Estate of the Month Updates, Estate Planning, Federal Estate Tax, Probate Assets | Leave a comment