If you expect to receive an inheritance from a family member, you might want to use a qualified disclaimer to refuse the bequest. As a result, the assets will bypass your estate and go directly to the next beneficiary in line. It’s as if the successor beneficiary, not you, had been named as the beneficiary
gift planning Archives - Crawford Ellenbogen
Jul 5, 2022
Oct 14, 2020
Why it’s important to plan for income taxes as part of your estate plan
- By Victor Dozzi
- Estate
- 0 Comments
The current federal estate tax exemption ($11.58 million in 2020) means that many people aren’t concerned with estate tax. But they should still plan to save income taxes. For example, be careful making lifetime transfers of appreciated assets. It’s true that the assets and future appreciation generated by them are removed from your estate. But