Advanced estate planning, on the other hand, often involves income tax considerations. Advanced planning involves creation of trusts and/or entities. Sometimes, advanced estate planning is used to reduce income taxes by shifting income from a taxpayer in a high bracket to a taxp...
Gift, Estate and GST Exemptions and Tax Rates: In 2011 and 2012, the gift, estate and generation-skipping transfer tax exemptions are all $5 million and the tax rate is 35%. If Congress does not act
The Danger and Opportunity Before Us The danger is real. Prospective clients may think there is no need for them to plan because they are exempt from the estate tax, at least for now. They may be lul
When is a person over age 65 eligible to receive Medicaid? Medicaid is a means-tested, needs-based program with limitations on income and resources. Anyone who meets the income and resource limitati