Estate Taxes

The death of Prince at just 57 years of age in April 2016 left music fans in Georgia and across the country saddened. The iconic performer reinvented himself on a number of occasions during a glittering career that spanned more than four decades, but his failure to...

When an estate is worth more than the federal exemption, estate tax rates could be as high as 40 percent. Georgia residents may need to know about the importance of taking into account these contingencies when they are planning their estates. While estate tax burdens...

Georgia residents may have heard about Donald Trump's plan to repeal the federal estate tax. While he may end up cutting some taxes, it is important not to base an estate plan on the president-elect's campaign statements. Individuals who are planning their estates...

Heirs to family businesses in Georgia may soon be facing a steeper tax burden. The practice of discounting estates for the purpose of reducing the estate tax burden has come under fire with proposed Treasury Department regulations. The 2704 regs, as the rules changes...

Georgia residents who are planning to file their 2016 federal income tax return may also be giving some thought to estate planning. At the end of the year, a person may choose to make annual gifts to loved ones as a way to reduce the size of their estate and avoid...

As 2016 draws to a close, many people in Georgia are thinking about end-of-the-year tax planning. Some people also think about estate planning at the year's end and whether to make annual gifts as a way to reduce the size of their estate. Currently, a single person...

If you've already created a will and trust, you are ahead of the game. One of the most important parts of planning for your estate is choosing an executor that you can trust to handle your affairs and assets after you are gone. This can be a time-consuming job for...

Georgia residents who are deciding their assets will be distributed when they die might be interested in learning that the Internal Revenue Service has announced the estate tax and gift tax exemption for 2017. The 2016 limits were $5.45 million per person in 2016. In...

If Benjamin Franklin were alive today, he would surely add "identity theft" to the other two certainties he observed in life: death and taxes. While the internet does streamline our lives in its ability to warehouse all documents and link all aspects of our lives, our...

A federal estate tax is applied to the assets of a deceased person. However, if the assets transfer to the spouse, the estate tax is not applied. Furthermore, there is an estate tax exemption of $5.45 million for 2016, so on a federal level, only people whose assets...