Trusts & Estates
Is the “Death Tax” Really Dead?
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.
Complete the form to get your free guide
2021 Tax Cheat Sheets for Clients and Prospects
Download our free tax filing cheat sheets to give to your clients and prospects.Learn More
Irrevocable Trust Gifting Trust Sample
Download our Irrevocable Trust Gifting Trust Sample and see how Wealth Docx(R) makes drafting gift trusts simple.Learn More
Tax Reform is Here: What You Need to Know to Advise Your Clients
The 2017 tax reform package is the most significant change to tax law in a generation. Find out what it means for estate planning and business clients in this in-depth thought paper.Learn More