Tag: Estate Taxes

• 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 […]

• Estate Planning and Administration

  Update Your Will: Reasons Why it May be Time to Revisit

  • September 3, 2013
  • By Allen & Gooch
  

  Is it Time to Update Your Will? Here are some important reasons why you should revisit and update your old Last Will and Testament: Independent Administration.  A big part of estate planning used to be “How to Avoid Probate” – that is, how to make sure that legal fees and court costs don’t eat up […]