Recent Posts in Estate Taxes Category
Posted on Oct 26, 2011 By Los Angeles Estate Planning Attorney
A generation skipping transfer tax may be applied to your estate if you leave all or part of your estate to your grandchildren bypassing your own children. This tax can be very expensive and is also a ...
Continue reading "Generation Skipping Transfer Tax - What Is It?" »
Posted on Aug 30, 2011 By Los Angeles Estate Planning Attorney
In the 1970's California voters passed a law called Prop. 13. This law limits the amount of property tax that can be assessed on real property until a new owner takes control of the property. When ...
Continue reading "Tax Benefits of Passing Property to Your Child in California" »
Posted on Jun 17, 2010 By Renee Linares
In 2001, George W. Bush signed a one year lapse in the estate tax that went into effect at the end of 2009 through 2010. The effect of this lapse in estate tax for this calendar year is that the ...
Continue reading "The After Effect of having no Estate Tax for 2011" »
Posted on Jun 10, 2010 By Renee Linares
On March 28, 2010 Dan L. Duncan made history in death as well as life. Duncan was formerly known as the most wealthy individual in all of Houston Texas. However, upon his passing he became known for ...
Continue reading "Children inherit billions and pay no Estate Taxes" »
Posted on Apr 2, 2010 By David Shapiro
A Private Letter Ruling (PLR) is a written response by the Internal Revenue Service (IRS) to a taxpayer's request for information. A PLR can be used by a taxpayer for guidance on whether to take ...
Continue reading "Private Letter Rulings" »