by Barry Haimo | May 19, 2015 | Asset Protection, Taxes, Videos
Can I give all of my property away before I die and avoid estate taxes? Yes, you can give away, or “gift”, your property before you pass away. You may incur gift tax liability though. Also, if you die within a certain period of time of the gift, it...
by Barry Haimo | May 19, 2015 | Asset Protection, Taxes, Videos
What is included in my estate for tax purposes? Everything that you own in your name is included in your estate for estate tax. Additionally, property you exercise substantial dominion and control over will also be included. Quite surprisingly, even income tax...
by Barry Haimo | May 19, 2015 | Asset Protection, Taxes, Videos
When does estate planning involve tax planning? Everything that you own in your name is included in your estate for estate tax. Additionally, property you exercise substantial dominion and control over will also be included. Quite surprisingly, even income tax...
by Barry Haimo | May 19, 2015 | Asset Protection, Taxes, Videos
Can a will or revocable living trust reduce estate taxes? A trust is an incredibly valuable and versatile tool to accomplish many of your estate and business planning objectives. Basically, you create a separate legal entity that owns and administers property...
by Barry Haimo | May 19, 2015 | Asset Protection, Taxes, Videos
Will my estate be subject to any taxes, and if so, what types of tax? Everything that you own in your name is included in your estate for estate tax. Additionally, property you exercise substantial dominion and control over will also be included. Quite...