Some questions answered during this webinar:
1. What is the likelihood of them passing legislation to reduce the gift exemption amount within the year 2021 and make it retroactive to beginning of the year versus active at the time of start and approval of the legislation?
2. I am divorced with 2 children ages 23 and 24. What strategies to reduce estate taxes make sense for someone without a spouse?
3. How should clients (aged mid-60's) with $8-$10 million net worth best prepare for potential future tax changes?
4. My dad died in 2005 and my mom died in 12/20. Stock value $ 12 million and two homes $7 million total. No estate tax return filed for estate ever. Trust not filed. What do you recommend?
5. For retired married couples with a $20m estate of 2 homes, stocks, and bonds evenly balanced across revocable trusts and retirement accounts for each spouse, what is the most common and reliable trust approach for asset protection and estate tax minimization for passing the estate to their children if the federal estate tax exemption drops to $3.5m?
PPT Slides:
Gassman, Crotty & Denicolo, P.A.
1245 Court Street
Clearwater, FL 33756
Read More
By: Alan Gassman
Title: Questions and Answers On Estate Tax Planning
Sourced From: www.youtube.com/watch?v=dJfPXovYHI4
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