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PREVIOUS POSTSEstate Planning - What About Life Insurance?Wealth management sector set for record growth lev... Two Singapore firms in Forbes Asia Fabulous 50 List Outlook on US life insurance sector stable - S&P Pet lovers like Helmsley plan ahead From wooden hut to £50m philanthropist UK: Pick yourself a life insurance bargain UK: 10 tips to protect your family's wealth Early planning can prevent estate problems Why Family Business Succession Plans Fail & What t... |
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Thursday, September 13, 2007US: Planning could save you big surprises in estate taxesFew people want to think about planning for death, but when 2011 gets here, more may wish they had.If you have assets of more than $1 million, the cost of not planning will come in the form of potentially higher taxes if you die after 2010. That’s when the current estate tax exemption (the amount that’s not subject to tax) of $2 million in assets expires and reverts to the 2001 exemption of $1 million. The higher exemption was the result of President Bush’s tax cut plan, which expires in 2010. Read more... posted by Charles Monat Associates at 5:51 PM ![]() 0 Comments:« Home |
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