When planning your estate, you might be worried about estate taxes. The good news is that for many families, this is not something you need to worry about. In Texas, there is no state inheritance or estate tax. Additionally, the federal gift and estate tax exclusion is currently very high, sitting at $11.58 million for […]
You’ve said your goodbyes and your furniture and household goods are on a truck. Soon you’ll be heading to Austin, Texas, ready to enjoy the warm weather and slower pace of life. You may not have given much thought to what your move might mean for income and estate taxes. But you should, particularly if […]
Today we are sharing a post from the Special Needs Allicance newsletter The Voice. The Voice is the e-mail newsletter of The Special Needs Alliance. This edition of the Voice was written by SNA member, Robert B. Fleming. Robert is a partner in the Tucson, Arizona law firm of Fleming & Curti, PLC. He is […]
If you or someone you know has received an inheritance, it is important for you to understand how to manage your basis “step up.” A “step up” in basis is the adjustment of the value of an appreciated asset – for tax purposes – upon inheritance. IRS Taxes An executor who has to file a […]
