The Basics of Estate Taxes
An estate tax is imposed in the US when assets pass from an estate of a deceased individual to an heir or beneficiary. An estate tax is not the same as an inheritance tax. It’s a tax on the total…
Estate Planning and Tax Reform
You may need to update your estate plan annually to account for changes in federal estate tax law, gifts, and generation-skipping transfer (GST) tax exemptions. Since 2018, federal estate tax exemptions have allowed estates above $11.7 million (adjusted annually for…
