Category Archives: Tax Issues

General tax issues relevant to estate planning.

Top 10 Mistakes People Make in Estate Planning, Wills and Trusts: # 8 – Failure to Plan for Taxes


There are several types of tax that may apply when a person dies. Failure to plan for these may result in higher taxes, imposition of penalties or interest, and lost opportunities. Some of these taxes are: Federal & State Income … Continue reading

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20 Advantages to Having a Trust (Part D: Better Tax Planning) 


Why should I make a trust?  This is a common question. In this series of posts, here’s twenty great reasons to have a trust! Part D: Trusts Offer Better Tax Planning. 15. A trust allows you to take advantage of marital … Continue reading

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Whose Social Security Number or EIN Do I Use for a Trust?


Taxpayer I.D. Numbers for Estates and Trusts. Whose Tax I.D. Number Do I Use for a Trust? There are two types of taxpayer identification numbers a Trust might need to use, depending upon what kind of trust it is — … Continue reading

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What is an “Estate Tax” or an “Inheritance Tax”?


The estate tax and the inheritance tax are both taxes imposed on property when a person dies.  There are three types of tax that might effect an inheritance: state and federal income tax, state inheritance tax, and federal estate tax. … Continue reading

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