Category: Estate Taxes

  • State Death Taxes: Don’t Get Blindsided!

    Does your state impose a death tax, separate from estate taxes? All advisors to high net worth clients are aware that the US federal government imposes an estate tax on large estates. As of 2024, there is a lifetime exemption per person of $13.61 million. But not everyone is aware that 17…

  • Escaping the Generation-Skipping Tax Trap

    Do you have any clients who might get tripped up by the generation-skipping tax? If you do, or aren’t sure, please read on. The generation-skipping tax is an estate tax on steroids. It is essentially a double tax. Generation-skipping tax is imposed on gifts or other non-exempt transfers (the rules…

  • Are Your Clients Choosing to Pay $2.5 Million in Unnecessary Taxes?

    Every week, we meet with advisors who have a client who is choosing to pay two and a half million in taxes that could be permanently and legally avoided. Before you say that none of your clients would ever make such a choice, you might want to see why we…