When a loved one passes away and you are dealing with the estate, chances are fairly good that you haven't really considered how the inheritance tax might affect what you get from the estate. If some Texas lawmakers have their way, you might not have to worry about...
Elder Law Attorneys Helping You Plan For The Future
Estate Tax
Fiscal cliff deal extends estate tax exemption
There are a lot of details of the "fiscal cliff" budget deal that may be confusing to Texas readers, but many aspects of the bill will have a direct impact, particularly for those interested in long term financial planning. The big-ticket item that many in our...
Pending estate tax changes leads many to gift early
Anticipated changes to the federal tax code that will affect estates and gifts have many Texas residents hurrying to make an end of the year deadline. Without any further action, tax rates for inheritances and for gifts will go up. The current law allows for no taxes...
Changing tax exemptions create uncertain future for heirs
Estate tax exemptions are a major consideration for Texas residents when planning the way that they want to pass money and other assets to the next generation. Unfortunately, estate taxes are subject to frequent changes and improper planning now can lead to...