Archives: Estate Tax

Wealthy Clintons Use Trusts to Limit Estate Tax They Back

Bill and Hillary Clinton have long supported an estate tax to prevent the U.S. from being dominated by inherited wealth. That doesn’t mean they want to pay it. To reduce the tax pinch, the Clintons are using financial planning strategies befitting the top 1 percent of U.S. households in wealth. These moves, common among multimillionaires, …. Read More

Lawmakers Seek Repeal Of Federal Estate Tax

On behalf of Louis Pacella, Attorney at Law posted in Estate Tax on Thursday, June 20, 2013 Readers of this Los Angeles estate tax blog may recall our discussion of the new federal estate tax law in our Jan. 14 and March 11 posts. The tax was set to expand significantly at the end of the year, …. Read More

Planning your gifts, investments under new estate tax

As readers in Ventura County likely heard, Congress passed a new federal estate tax as part of the so-called “fiscal cliff” deal late last year. Without the deal, the estate tax would have applied to everything over $1 million in a person’s estate. Under the new rules, the amount that is excluded is much higher: $5.25 million …. Read More

‘Fiscal cliff’ Deal Adjusts Estate Tax Rates, Exemption

Without question, the issue that has dominated America’s economic debate in the New Year has been the wide-reaching tax compromise reached by Congress and the White House in order to avert the ‘fiscal cliff’ of simultaneous tax hikes and spending cuts. The deal, which was dubbed the American Taxpayer Relief Act of 2012, made important …. Read More