3 results for tag: Executor
Whoever won that huge $997.6 million cash value Powerball jackpot last November needs some serious estate planning advice. Ditto for the winner of the $724.6 million cash value Mega Millions jackpot in January. Sadly, you did not win either. Nor did you inherit gazillions from your rich Uncle Fred, despite kissing up to him for all those years. Rats! Even so, you probably still need an estate plan. We will explain why. Don’t Fixate on the Big Federal Estate Tax Exemption You are probably among the vast majority who are not currently exposed to the federal estate tax, thanks to todayʼs ultra-generous $12.92 million exemption for ...
If you become an executor of your loved one’s estate, you may have some important tax decisions to make. Here are some quick thoughts. The now-deceased loved one may have been single or married and may have been a relative or not.
During these challenging times dealing with COVID-19 and the additional challenges economic and otherwise it brings, if a loved one passes away and you serve as the executor or inherit assets, you need to consider your duties and so some tax planning.