21 August 2014 0 Comments

More Life Insurance Uses for Foreign Internationals

In my last entry I discussed special estate tax needs of Foreign Nationals and how life insurance can be an effective answer.  Aside from estate tax liability, there are also some other uses of life insurance issued by U.S. insurers that are attractive to foreign nationals. International investors often look for safe, secure U.S. based […]

27 May 2014 0 Comments

More Taxes at Death

The American Taxpayer Relief Act of 2012 raised the Federal Estate Tax exemption to $5,000,000 per person (indexed) so many people who had been concerned about liquidity for estate tax were relieved.  However, states also have the ability to impose taxes when their residents transfer assets.  Fourteen states and the District of Columbia have estate […]

21 January 2013 0 Comments

Estate Tax Revisited

Federal Estate Tax is not going away.  With the 2013 tax cliff legislation, rates have been set at 40% (up from 35%) for amounts in excess of an exclusion amount of $5,120,000 per person ($10,240,000 for a married couple). Those whose estates exceed this threshold will be back to the drawing board, completing an estate […]