by Brian Hare, CPA, CGMA | Sep 22, 2022 | Estate Planning, Tax
As a result of the current estate tax exemption amount ($12.06 million in 2022), many estates no longer need to be concerned with federal estate tax. Before 2011, a much smaller amount resulted in estate plans attempting to avoid it. But now, because many estates...
by Paula Kennedy, EA | Jun 21, 2022 | Tax
As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to be concerned with federal estate tax. Before 2011, a much smaller amount resulted in estate plans attempting to avoid it. Now, because many estates won’t be...
by Paula Kennedy, EA | Nov 9, 2020 | Tax
As a result of the current estate tax exemption amount it’s now important to plan for income taxes ($11.58 million in 2020), many estates no longer need to be concerned with federal estate tax. Before 2011, a much smaller amount resulted in estate plans...
by Brian Hare, CPA, CGMA | Feb 9, 2018 | Estate Planning, Tax
For years, life insurance has played a critical role in estate planning, providing a source of liquidity to pay estate taxes and other expenses. It’s been particularly valuable for business owners, whose families might not have the liquid assets they need to pay...
