Estate Tax

Portability, Estate Taxes, and Your Estate Plan

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

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

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