Wednesday, November 12, 2008

The ABCs of Estates

The taxing of estates is to this writer, one of the most confusing and misunderstood sections of the tax code. You can sit for hours reading the IRS' website on the subject and still be lost. I have searched for some great links that I feel will explain in simple language all of the aspects of estate taxation.

Anyone who has accumulated wealth, no matter what age, should educate themselves on what will happen with their estate should they not plan ahead. I strongly suggest that everyone take some time and read some of these links.

Education and knowledge are powerful tools and the following links contain very valuable information.

Suggested Reading

How to Calculate the Value of Your Gross Estate
What Value of an Asset is Used for Estate Tax Purposes?
How to Calculate Your Net Worth

Definitions

Charitable Lead Trust
Charitable Remainder Trust
Estate Tax

More Defintions

Exemption from Estate Taxes
Gross Estate
Unlimited Marital Deduction

About Estate Taxes

Overview of Taxes That Affect an Estate
Overview of Current Federal Estate Tax Laws
What is the Future of the Federal Estate Tax?
How to Calculate the Value of Your Gross Estate
What Value of an Asset is Used for Estate Tax Purposes?

The above links are courtesy of ABOUT.COM and author William Perez, a highly respected tax professional and one of my daily subscription authors.

No comments: