by Kathy Lane | Jul 10, 2013 | Estate Planning, Estate Taxes, Probate, Settle an Estate
When my father died ten years ago and I found out he had named me as his executor, I thought “Okay. It’s no big deal.” Was I ever wrong! I didn’t realize how much time, effort and frustration would be necessary to get everything settled. And...
by Kathy Lane | Jun 26, 2013 | Estate Planning, Estate Taxes
The Supreme Court today made a decision to strike down DOMA (Defense of Marriage Act); this will dramatically expand the access of married gay couples to many federal benefits related to tax, health and pension that have been denied to them until now. This decision...
by Kathy Lane | Apr 16, 2013 | A-B Trust, Estate Tax Personal Exemption Allowance, Estate Taxes, Gift Taxes, Uncategorized
President Obama proposed 2014 budget: Changing the Estate Tax and Gift Tax Rates AGAIN!!! From January 1, 2001 through December 31, 2012, Congress seemed intent on making planning for death more complicated than it already is by creating a series of...
by Kathy Lane | Jan 2, 2013 | Estate Tax Personal Exemption Allowance, Estate Taxes, Form 706 Estate Tax Return, Gift Taxes
American Taxpayers Relief Act. FINALLY! The first temporary rules were passed by Congress in 2001. Twelve years later and two major tax changes in between, it appears we FINALLY have permanent estate tax rules. Software companies, estate lawyers and financial...
by Kathy Lane | Oct 20, 2012 | Durable Power of Attorney Form, Estate Planning, Estate Taxes, Financial Agent, inheritance law
If you live in Indiana, Iowa, Kentucky, Maryland, Nebraska, New Jersey or Pennsylvania beware. These states tax your inheritance, no matter what the amount is. Barry and Susan Brown of Philadelphia, PA learned this the hard way. Because they were getting older, they...
by Kathy Lane | Jan 5, 2011 | Estate Taxes
. 2010 Tax Relief Act: Federal Estate Tax Provisions On December 16, 2010 Congress passed the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. Section III of the bill is titled “Temporary Estate Tax Relief”. Section III gives...
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