Category Archives: Estate Taxes

Why Most People Should Be In Favor of the Federal Estate Tax

I think it is a very easy and popular position to be against the federal estate tax (affectionately known as the “death tax”).  The arguments against the estate tax range from the simple, “the government should death tax it is hard enough” to the bit more sophisticated, “the decedent was already taxed on all earningsContinue Reading

I Can’t Believe I have Been Blogging for 4 Years

On August 5th of 2008 I put up my first post.  I had no idea if anyone would read about my journey, nevertheless care about what was going on in my life, but I wanted to share my thoughts with whoever wanted to read them.  Since putting that first post up I have seen somewhereContinue Reading

What is Portability in Estate Planning?

There were a lot of tax law changes (as well as a lot of things that were kept the exact same) when President Obama signed into law the Unemployment Insurance Reauthorization and Job Creation of Act of 2011, but there was one change that simply put, shocked me.  It was the brand new idea thatContinue Reading

The House Passes Estate Tax Bill to Freeze Current Exemptions and Rates

In a vote closer than I expected the house passed, an Estate Tax Bill!  For all intents and purposes the bill freezes the Federal Estate Tax (Remember State Estate tax is different) so that every U.S. Citizen has a $3,500,000 exemption and anything above that amount is effectively taxed at 45%. The Bill passed 225 toContinue Reading

Forget the Federal Estate Tax, You May Need to Worry About State Estate Taxes!

Almost every single day, I have to explain the Federal Estate Tax. The people I have to explain the federal estate tax to are not tax professionals, they are either financial advisors, other attorneys, or successful business owners. So, needless to say, I better explain estate taxes from 30,000 feet above. The details do notContinue Reading

Where are Estate Taxes Going?

The question I hear the most when I am teaching classes are, where do you think the Estate Taxes are going?  I always respond, they aren’t disappearing. Period.   The current administration (along with the last one) is running through money like it was beer at a keg party!  So is it likely that we are goingContinue Reading