Nov 132015
 

I recently wrote a guest post at creditforums.com about the basics of estate planning.  You can see that post here.

As I have mentioned before, it is important to have an estate plan regardless of whether you have a taxable estate.  And most people do not have a taxable estate under the current tax laws.  For 2015 each individual has an exclusion amount of $5.43 million.  That means that assets up to that amount are not subject to Federal estate tax.  In 2016 that exclusion amount is increasing to $5.45 million.

However, there are a lot of considerations in estate planning beyond the tax consequences.  The article at creditforums.com provides a great, simple explanation of why estate planning should be done.

 November 13, 2015  Posted by at 1:59 pm  Add comments

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