In 2009 the Federal Estate Tax Exclusion was $3.5 million. In 2010 there is no Federal Estate Exclusion. What does this mean? It doesn’t matter how large your estate is, there will be no federal estate tax (often referred to as the death tax) if you die in 2010. In 2009 there was a step [...]
Tag Archives: tax planning in north carolina
August 4, 2008
The Basics of the Federal Estate Tax
At first, most clients that meet with me think that they do not have a large enough Estate to be concerned about it being taxed when they pass away. When I have completed asking them questions they are amazed at the true value of their Estate. The reality is that many people need to start planning [...]
