Tag Archives: Gift tax

The Estate Tax Benefits of Living in California


There are some people in California who would grumble about the Federal estate tax, but all California residents should be thankful that the State of California phased out its State estate tax in 2005.  Unlike California, seventeen states and the … Continue reading

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DOMA and Estate Planning for Gay Couples


Last week, President Obama ordered the Department of Justice to stop defending the Defense of Marriage Act, the Federal law banning recognition of same-sex marriages.  However, for the time being, same-sex married couples should not change their estate plans or … Continue reading

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The Not-So-Personal Estate Tax Exemption


Since Congress once again changed the personal estate tax exemption in December of 2010, many of my clients have been confused about what portion of their estates would be subject to Federal estate tax.  Here are the basics: $5 Million … Continue reading

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