Resource Center

by Matthew T. McClintock, JD, TEP | Vice President of Education, WealthCounsel

Nobody pays estate tax anymore, but almost everyone still has a "death tax" problem. The American Taxpayer Relief Act of 2012 (ATRA) brought about the effective repeal of the federal estate tax for nearly all Americans. The federal estate tax exemption was raised to $5 million per individual, and is indexed for inflation. So while this virtually eliminated the death tax, the capital gains tax and fiduciary income tax can be just as costly.

Download this WealthCounsel Thought Paper to learn more about these taxes and how sound drafting and administration can mitigate their impact.