Effective for transfers after February 15, 2021, the exemption from reassessment only applies to the excess of the fair market value of a primary residence (qualifying for the homeowner's real estate tax exemption) over the transferor's assessed value up to $1 million.
What estate and gift tax problems do same sex couples have?
This week’s interview on Financial Insider Weekly is Professor Patricia Cain of Santa Clara University Law School. Our interview subject is "Estate and gift tax problems of same sex couples."
What are practical considerations for transferring family wealth?
This week’s interview on Financial Insider Weekly Judy Barber of Family Money Consultants, LLC. Our interview subject is "The transfer of family wealth to the next generation. What's the money for?"
What estate and gift tax problems are there for a non-citizen spouse?
This week’s interview on Financial Insider Weekly is with Raymond Sheffield, attorney at law. Our interview subject is "Estate and gift tax problems for a non-citizen spouse".
What estate and gift tax problems do same sex couples have?
This week’s interview on Financial Insider Weekly is with Professor Patricia Cain of Santa Clara University School of Law. Our interview subject is "Estate and gift tax problems of same sex couples.".
If you have a net worth of $10 million or more, consider making big gifts during 2011 and 2012
If you have a very large estate, say exceeding $10 million, you should meet with your tax advisor and estate planning attorney to discuss whether you should make big gifts during 2011 or 2012, which assets are good candidates for gifts, and how they should be transferred.
What are special estate and gift tax problems of same sex couples?
This week’s interview on Financial Insider Weekly is with Professor Patricia Cain of Santa Clara University School of Law. Our interview subject is, "Estate and gift tax problems for same sex couples in Community Property states".
Gift tax break for 2010 may be an opportunity
Under the Economic Growth and Tax Relief Reconciliation Act of 2001, the maximum federal gift tax rate for 2010 is 35%. If Congress does nothing, the maximum rate will return with a vengence to 55% in 2011, plus an additional 5% surtax for taxable transfers over $10 million until the benefits of lower brackets are phased out.