It was automatically repealed at year end when Congress failed to pass legislation to extend the tax into 2010. So, people are now joking that this is a good time to help multi-millionaire parents die. The tax rate was 45%. It is now 0%. Estate-tax professionals anticipate that the tax will be reinstituted but, for now, it is gone. … [Read more...] about THE FEDERAL ESTATE TAX IS REPEALED … for now
Estate planning and Financial planning are not the same thing
Today is the day after Christmas, 2009. I’m gearing up to try to write something interesting, regularly, about my estate-planning law practice. As to the above topic, my friends, acquaintances (and clients) sometimes think that estate planning and financial planning are the same thing. They’re not. Here’s a short distinction. Estate planning is your will or trust (or other entities designed to protect assets from various perils). An attorney usually handles your “estate planning”. … [Read more...] about Estate planning and Financial planning are not the same thing
