Guiding You Through The Legal Process

Month: November 2015

Georgia estates to be impacted by IRS rules

Recently, the IRS changed its rules about the distribution of closing letters. Instead of automatically sending such letters to indicate the end of an estate filing and the completed payment of related federal taxes, the agency will only send notices when they're...

How the estate tax exemption is beneficial

Many Georgia residents have a very negative view about estate taxes, often calling them "death taxes." Very few Americans will actually have to think about paying estate taxes, however, as there is a federal estate tax exemption that removes a large amount from the...

Gift-splitting and GRATs

Georgia residents with high-asset estates often use the gift-splitting election in order to remove assets from their estates' values. The IRS allows spouses to split their annual gifts which helps them to double the exclusion they would have otherwise enjoyed. A...

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