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A $15 million federal exemption won't stop your home state or the IRS from demanding a massive cut of what you've spent a lifetime building. Even... <p>The post Life Insuranc...
With a federal estate tax rate of 40%, estate planning conversations often start and stop with the relatively high federal exemption (currently $15 million for individuals and $30...
IHT revenues continue to be boosted by frozen nil‑rate bands
On May 12, 2026, a Bill entitled the “Fair Trusts for Fiscal Responsibility Act” was introduced in the Senate by Sen. Patty Murray and co-led by Sen. Ron Wyden. The proposed legisl...
Inheritance tax used to be a worry for the wealthy, but now soaring numbers of bereaved families with modest estates are being hit with a bill.
Martin M. Shenkman and Joy Matak report on the legislative trend to increase taxes and recommend that practitioners discuss with clients this evolving estate-planning environment.
Understand what families should know about credit shelter trusts and estate taxes to protect your wealth and secure your legacy. What Families Should Know About Credit Shelter Trus...
People in charge of winding up estates will be allowed to stop pension firms paying out pensions in full if they think 40% death duties might be due.
How a deceivingly simple estate-planning tool can leave beneficiaries exposed.
For many California families, inheriting a home used to mean keeping property taxes low for generations. That’s no longer the case. Under Proposition 19, heirs...
Levy on inherited farms and family businesses worth £2.5m or more comes into force 6 AprilA new inheritance tax regime for UK farms and family businesses comes into force on Monday...
Federal employees and spouses often hear the phrase: "It's an inheritance, so it's tax-free." But is that actually true? In this FERS Federal Fact Check episode, Micah Shilanski,...
New options to explore with your clients.
The Uniform Partition of Heirs' Property Act helps families avoid forced property sales in at least 24 states, according to a study sponsored by JPMorgan Chase.
It is often said that inheritance tax is hated by the many and paid by the few. But the few have been growing in number and facing bigger bills.
In our third installment recapping states’ efforts to impose new taxes on high net worth individuals, we provide updates on Washington’s Millionaires Tax, New York State’s efforts...
Feature on Estate Planning & Taxation
Estate planning for couples moving between community property and common law U.S. jurisdictions
Selling a parent’s home after they pass away can feel like the simplest part of a difficult process, but it’s becoming one of the most...
Last month, New York’s governor announced that the State’s FY 2027 budget will include the enactment of an annual surcharge on second homes in New York City that are valued at $5 m...
Ultra-high-net-worth individuals and families face a valuation environment that is far more complex than simply determining the worth of an asset. In the context of trust, gift, an...
If you plan to pass down your home, there’s a hidden cost many families don’t see coming until it’s too late. Probate—the legal process of...
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