Some large estates will owe estate taxes this year and there is a valuable tax deduction that is often overlooked.
The permanent federal estate-tax exemption levels do not mean that clients with estates of lesser value can avoid planning. Many aspects of estate-planning remain critical to a comprehensive financial plan. Here are five estate-planning strategies to review with clients. 1. Review estate-planning documents Clients with estates of all sizes need to plan for the future.
Whether your client’s estate is large, small, or somewhere in between, a new law that took effect this year might warrant a closer look. The American Taxpayer Relief Act holds important provisions for investors with estate assets. The law made permanent the 2012 federal estate tax and gift tax exemption levels and included an adjustment