2 results for tag: Federal Estate Tax


Estate Planning for the Rest of Us

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 ...

Thinking of Moving to a Lower-Tax State? Tax Angles to Consider

Parts of this article are published with permission from Bradford Tax Institute, © 2021 Daniel Morris, Morris + D’Angelo If you’re considering moving to a different state, taxes in the new state may be the deciding factor—especially if you expect them to be lower. This article identifies the relevant state-tax issues for folks who are thinking about moving to a lower-tax state. Here’s what you need to know. Consider All Applicable State and Local Taxes If your objective is to move to a lower-tax state, it may seem like a no-brainer to move to one that has no personal income tax. But that’s not a no-brainer! You must ...