How does an estate plan effect taxes?
In addition to your annual tax return, when you die you are subject to the Federal Estate Gift Tax. This is a rapidly changing area of law, but currently only a concern for very wealthy people. The Law Office of Robert L. Shepard will identify if your estate might be subject to this tax, and will provide multiple strategies to avoid or reduce your tax burden.
This is a rapidly changing area of law, but currently only a concern for very wealthy people. You should see an attorney to determine if your estate might be subject to this tax, especially if the net value of your estate is $2M (for each spouse) in 2008, and $3.5M in 2009. In 2011, the sunset provision kicks in and it reverts to $1M with no estate tax in 2010.
