Estate Tax Planning | There is far more to estate planning than simply writing a will. Wills remain crucial to dividing your assets how you wish, yet wills do not provide any resistance to the estate, or ‘death,’ tax. Consulting an Estate Lawyer, like The Law Office of Michelangelo Mortellaro P.A., will give you peace knowing the maximum amount of your hard-earned estate is being passed down.
The Basics:
Estate tax planning has been a hot topic in politics recently. Since being nicknamed the “death tax,” the estate tax and politicians in favor of it have come under increasing and considerable pressure to decrease its burden on the families of the estate’s owner. This struggle has resulted in many people qualifying for estate tax exemption. As of 2016, if the estate is less than $5.45 million per individual, it is excluded from all federal estate tax. Thus, a married couple can