When you purchase a home or piece of property, the tax you pay annually to local government for municipal services such as police and fire protection is often, fittingly, called property tax.

Estate taxes are imposed on the deceased's estate before inheritance distribution. Inheritance taxes are paid by heirs on received amounts, varying by state. Federal estate tax applies only to ...

Editor’s note: This is part 10 of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially ...

The arrival of 2025 brings with it increased estate and gift exclusion amounts. For an estate of any decedent dying during ...

Federal Exemption Amounts Increased to $13,990,000 - As of January 1, 2025, the federal gift and estate tax exemption amount, as ...

The federal estate tax exemption is going up again for 2025. Though, the higher IRS inflation-adjusted number may not come as a surprise to most. However, 2025 will be a pivotal tax year.