Tag: Estate tax exemption

• Estate Planning and Administration

  Estate Planning – Why is it Important to Include your Family Business in Your Estate Plan?

  • February 24, 2016
  • By Allen & Gooch

  1) Is your business your largest asset? The first reason to include your business in your estate planning is that it is likely one of your most valuable assets. The business may be the asset most likely to create potential tax consequences based on its value. Would it be valuable to remove portions of the […]

• Estate Planning and Administration

  Federal Estate Tax Exemptions and “Portability”

  • January 2, 2014
  • By Allen & Gooch

  American Taxpayer Relief Act sets new federal estate tax exemption The American Taxpayer Relief Act set the new federal estate tax exemption at $5.25 million per decedent, or $10.5 million for a married couple.  In addition, the new “Portability” provisions allow the estate of a deceased spouse who doesn’t use all of his $5.25 exemption […]