Trusts & Estates
Part 1: Nobody pays estate tax anymore …but almost everyone has a “death tax” problem
by Matthew T. McClintock, JD | Vice President of Education, WealthCounsel
Mark Twain once quipped, “The rumors of my death have been greatly exaggerated.” The same might also be said of the “Death Tax.” Historically, the death tax has referred to estate tax, the transfer tax imposed either by a state or by the federal government on the value of property passing from a decedent to a beneficiary.
In this three-part series, we discuss the virtual death of the death tax, including the challenges and opportunities this presents for estate planners. Specifically, this Part I takes a look at the potential impact of the fiduciary income tax, as well as ways to mitigate it.
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