Under current federal estate tax law there is an exclusion up to $5.12 million in 2012. Taxable estates above this amount are taxed at 35%. This exclusion is scheduled to decrease to $1 million beginning in 2013. The tax rate…
Under current federal estate tax law there is an exclusion up to $5.12 million in 2012. Taxable estates above this amount are taxed at 35%. This exclusion is scheduled to decrease to $1 million beginning in 2013. The tax rate…
1) Increase in Ordinary Income Tax Rates The highest ordinary income tax rate is 35%. This is scheduled to go up to 39.6%
Ask many people if they have an estate plan and they just roll their eyes. With the Federal Estate Tax Exclusion at $5.12 million most people will not be subject to estate taxes. In Connecticut, the exclusion is $2 million…
Please review 6 Easy Steps to Open an Estate in Connecticut. 1) Post a Probate Bond Unless the will specifically indicates a bond is not required, the executor will need to get a Probate Bond. The coverage and insurance…