Last week, I wrote about Casey Johnson, the great-great granddaughter of the founder of Johnson & Johnson (JNJ). Among your insightful responses was this one, from a reader who's a Financial Advisor in the Northwestern Mutual Financial...
Estate planning this year requires extra planning. Yes, the estate tax is gone for 2010 -- but the capital gains tax remains, and it could cut sharply into an estate with longtime holdings.
WASHINGTON, Tues: America’s millionaires and billionaires can die now, and not pay later under a quirk in the US estate tax law that Congress failed to act on in 2009.
Lawmakers will start 2010 with a hefty to-do list thanks to a lot of unfinished tax business they left on the table in 2009. The chief example: the estate tax.
Well-to-do investors have two big decisions for 2010: Whether or not to change their tax-free retirement accounts and how to handle uncertainty over the estate tax.
Wealthy individuals who give their
fortunes to grandchildren will see taxes on those gifts drop to
35 percent due to the expiration of the estate tax on Jan. 1.
The jokes about whether the repeal of the estate tax in 2010 will lead to premature deaths in wealthy families have long gone stale, but the truth is that letting that levy expire is no laughing matter for some families.
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