Interesting kids down the block. Their chalk drawings inspired this haiku: Hopscotch? Much too tame. / These kids are C.S.I. fans / or quite macabre. And their art got me thinking about death and taxes and impending changes to the federal estate tax.
1. Federal Estate Tax exemption now permanently increased so no tax for Estates under $5,340,000., and will be adjusted annually for inflation. However, New Jersey taxes estates over $675,000. 2. Gifts permitted without Federal Estate & Gift tax was increased to $14,000 per person. 3. We recommend Self- Proving Wills since witnesses often move or pass away
Does taking away the estate tax mean less tax at death? John Ross and Lisa Shoalmire TV Affordable Care Act, estate tax, federal government, income taxes, older Americans act, president trump, receiving social security
When preparing or updating your estate plan, you will need to have a basic understanding of the different types of taxes that can affect your estate - gift taxes, estate taxes, inheritance taxes, generation skipping transfer (or GST) taxes, and income taxes.