The gift and estate tax exemption is $13,610,000 in 2024 and will be $13,990,000 in 2025. On November 26, 2019, the IRS ...

The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun ...

Understanding Inheritance and Estate Taxes in Washington State. When planning your estate, it’s important to understand how inheritance and estate taxes can impact your beneficiaries and your assets.

Two decades of property inflation has lifted families to millionaire status who never would have expected to get there, and that means many more are now hit by inheritance tax. New rules will save ...

Trusts have been a feature of financial planning for decades, and the Labour government’s tax raid – in particular putting pensions within the scope of inheritance tax – makes it a good time ...

Just months before her wedding, 22-year-old Molly is grieving the sudden loss of her father, while also dealing with a ...

Texas has a 6.25% state sales and use tax. Per the Texas Comptroller, local taxing jurisdictions (cities, counties, ...

Texas is expected to have plenty of cash to fund any new mandates. State Comptroller Glenn Hegar projected the state will ...

The Internal Revenue Service recently announced the 2025 cost of living adjustments for the estate and gift tax exclusion ...

When the King of Pop passed away in 2009, he left behind more than just a rich legacy of music and pop culture. He also left ...

From April 2012 the rate of inheritance tax is 36% (from 40%) for estates leaving 10% or more to charity.