Who has an Estate and Gift Tax Treaty with the US?
I just noticed a helpful link at the IRS that gives a nice chart detailing which countries have an Estate and Gift Tax Treaty with the US: Estate and Gift Tax Treaties.
Category: Estate Tax
Repeal of the NJ Estate Tax – Should married couples update their wills?
Effective January 1, 2018, New Jersey repealed its estate tax. The question then become how does this affect you and do you need to do anything about it? For most people the change is a positive one because it means their heirs pay less taxes and they do not need to do anything to update […]
What is a Disclaimer Trust?
A Disclaimer Trust is a special type of trust often created under a Will (or as a sub-trust of a revocable living trust). In order to understand Disclaimer Trusts, you first need to understand what a disclaimer is and what happens when you make a disclaimer so that you can understand the purpose and mechanics of Disclaimer Trusts. […]