There are federal transfer taxes in the United States that can significantly erode your wealth as you are passing it on to your loved ones. These taxes carries a 40 percent maximum rate, and this is certainly an eye-catching figure. The good news is that there is an unlimited marital deduction. You can transfer unlimited assets to your spouse tax-free, as long as your spouse is an American citizen. If you are married to a foreign citizen, you could gain estate tax efficiency through the … [Read more...] about Free Report: What Is a Qualified Domestic Trust?
Estate Tax
Estate Tax Expansion Included in 2016 Budget Proposal
Each year the White House releases a proposed budget for the following year, and as you may imagine, there is a great deal of ground to cover when you are talking about that much spending. As a result, the hefty volume is referred to as the "blue book." The budget proposal for 2016 has been released, and it includes an expansion to the federal estate tax. If this budget was to be adopted, many more families would be exposed to the death levy. To understand the proposal, you … [Read more...] about Estate Tax Expansion Included in 2016 Budget Proposal
What is a Step-Up: In Basis?
What is a Step-Up: In Basis? from Paul Kraft When you are still in possession of assets that have appreciated, you do not have to pay the capital gains tax. Learn more about Step-Up In Basis in this presentation. … [Read more...] about What is a Step-Up: In Basis?
What Is An ILIT?
What Is An ILIT from Paul Kraft The acronym ILIT stands for an irrevocable life insurance trust.This type of trust can be useful if you are exposed to the federal estate tax. Learn more about irrevocable life insurance trust (ILIT) in Indianapolis in this presentation. … [Read more...] about What Is An ILIT?
Free Report: What is the Unlimited Marital Estate Tax Dedcution in Indiana?
Most families do not have to pay the federal estate tax because of the existence of the federal estate tax exclusion. Topics covered in this report include: Federal Estate Tax Federal Gift Tax Unlimited Marital Estate Tax Deduction Click here to read the whole article or download the PDF. … [Read more...] about Free Report: What is the Unlimited Marital Estate Tax Dedcution in Indiana?
What Is the Annual Gift Tax Exclusion?
What is annual gift tax exclusion from Paul Kraft If there was no gift tax, you could just give away your assets while you are living to avoid the estate tax. The estate tax and the gift tax are unified under the tax code. Learn more about the annual gift Tax exclusion in this presentation. … [Read more...] about What Is the Annual Gift Tax Exclusion?
