CA Trust, Estate & Probate Litigation

CA Trust, Estate & Probate Litigation

Category Archives: Estate & Gift Tax

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Estate Taxes: An Uncertain Future

Posted in Estate & Gift Tax
Death may be certain, but estate taxes are not.  At least not at the end of 2012 when the current Estate Tax exclusion of $5.12 million is set to expire and be automatically reset to $1 million.  With proper planning, married couples can combine their exclusions for a total amount in 2012 of $10.24 million.… Continue Reading

Estate Taxes – Inadvertently Check the Wrong Box, Pay Over $120,000 in Penalties and Interest!

Posted in Estate & Gift Tax
Shaun Maritn, in his blog entitled California Appellate Report (which I read regularly and enjoy), posts a recent Ninth Circuit Appellate Court decision penned by District Judge Timothy M. Burgess, sitting by designation with the Ninth Circuit Court of Appeals. The case, entitled Baccei vs. United States, revolves around a request for extension of time… Continue Reading

Estate Tax Reduction Passes

Posted in Estate & Gift Tax
As a follow-up to yesterday’s blog post, the House of Representatives passed a package extending the Bush-era tax cuts for two more years and substantially revising the estate tax. Writing for the Non Profit Times, Mark Hrywna reports that had Congress not acted, the estate tax would have returned to its 2001 rates beginning January… Continue Reading
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