Resource Center

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.