Creating a comprehensive, and successful, estate plan requires you to consider much more than just who will receive your estate assets after you are gone. For example, protecting your estate assets to ensure they are available to pass down at the end of your life should also be an important consideration in your plan. One of the biggest potential threats to your estate assets actually occurs just after your death in the form of federal gift and estate assets. To help ensure that you understand … [Read more...] about Federal Gift and Estate Tax
You undoubtedly already know that careful financial planning throughout the course of your life is essential if you wish to grow your assets and accumulate sufficient assets to live comfortably during your retirement years. You may also already have a financial adviser that helps you make important financial decisions; however, have you considered how a financial planning lawyer may also be able to help you? Instead of making the mistake that many people make of viewing financial planning and … [Read more...] about How Can a Financial Planning Lawyer Help Me?
Creating a comprehensive estate plan requires taking a number of different concerns into consideration. Some of those concerns will be unique to your estate planning needs and objectives; however, one concern that everyone should consider when engaging in estate planning is the impact federal & state gift and estate taxes will have on their estate. Failing to understand the estate and gift tax could cost your estate a significant portion of its value during the probate of your estate, … [Read more...] about When Does the Federal Gift Tax Apply?
What Is The Minnesota Annual Gift Tax Exclusion from Raymond German If your estate is going to be exposed to taxation, you could use your annual gift tax exclusion to transfer assets tax-free each year. Learn more about Minnesota annual gift Tax exclusion in this presentation. … [Read more...] about What Is The Minnesota Annual Gift Tax Exclusion