Some people in the Greensboro, North Carolina area who begin estate planning often worry about the estate tax. The federal estate tax applies to the property left behind by people who die. However, the estate tax, sometimes referred to as the “death tax,” is not a significant concern for the vast majority of people. In 2013, Congress passed a law that effectively ensured the estate … read more
Estate Tax
The Dreaded “Death Tax” and How to Avoid It [Infographic]
Did you know that your estate is subject to estate taxes, often referred to as the “death Tax” when you die? Learn what you can do during your lifetime to reduce the amount of estate taxes your estate will owe when you die. Click the image to view a larger version. … read more
James Gandolfini Will Details Released
When actor James Gandolfini died in June at the age of 51, he left behind an estate estimated to be worth about $70 million. In early July, a representative of his estate submitted his will to a New York Surrogate’s Court. In that document, Gandolfini left the majority of his estate to his children: a 13-year-old son and an eight-month-old girl. Children cannot legally own property … read more
