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Still Have a Trust?

A few weeks ago, I talked about the end of estate planning. It might have been a bit of an over-reaction to the news that the estate exemption was made a permanent, inflation-adjusted figure of $5.25M for 2013. Perhaps I was jumping to conclusions as there are a number of reasons one may want a [...]

The End of Estate Planning?

Not quite, but close to it for many taxpayers. As part of the American Taxpayer Relief Act (ATRA) of 2012, a benefit you may appreciate has been slipped in, a 'permanent' fix to the estate tax issue. First, here 'permanent' simply means a provision that has no sunset date, no automatic falling off the tax [...]

Bad Estate Planning

Sometimes an example of a financial mistake is an easier way to deliver an important bit of advice than the usual soapbox lecture. Given the recent changes back to old style of estate taxes and the step up in basis the beneficiary enjoys, it seems timely to share this story with my readers. The house [...]

Another Thought on the Estate Tax

Sometimes, a reader's comment will be so insightful that it's a shame to let it get buried in a comment section many may not see.  This is such a comment, by my longtime reader Elle. She also shares her knowledge at the Usenet group misc.taxes.moderated where I am one of the mods. This 'guest post' [...]

The State of the Estate Tax

Even though I am not a baseball fan, I know who George Steinbrenner was, as he was someone a bit larger than life. As you might have guessed from the title, this post is not an homage to Mr. Steinbrenner, but a discussion of the current estate tax rules. There was a time (seems like [...]

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