Aug 24, 2017 | Blog, Estate Tax, Estate Tax Horror Stories, Texas
I am only 36 yr old and have been in the financial planning field for 8yrs. My clients average age is 67 and range 50-80. Seeing the average portfolio of these clients go from $500k to over $1 million plus in the 8yrs, due to stock values, particularly Exxon, Shell,...
Aug 24, 2017 | Blog, Estate Tax, Estate Tax Horror Stories, Family Businesses, Nebraska
My Mother in law recently passed away. She lived in Minden, Ne. all her life. She and her late husband worked their entire lives in Kearney County. They owned farms, feed lots, gas stations, implement dealerships, and rental properties. They have payed income taxes on...
Aug 23, 2017 | Blog, Estate Tax, Estate Tax Horror Stories, Georgia
I have not had to sell assets yet but as it stands upon the death of my father, because of the value of the farm land now, my sisters and I will have to either sell some of the land or clear cut timber to pay for the estate taxes. It is just a small farm and only...
Aug 22, 2017 | Blog, California, Estate Tax Horror Stories, Family Businesses
My family has almond land, rice land and cattle land in California. Our forefathers settled on the cattle land in the mid 1800’s. The problem I see is that land in California has increased in value so tremendously that he average land owner is going to be...
Aug 22, 2017 | Blog, Estate Tax Horror Stories, Maryland
Dear Ms. Soldano: I want Congress to do something about reducing the death tax if they won’t repeal it. It looks like the Democrats are dead-set against a repeal, but might support a compromise (even though they killed the latest attempt to come up with a bill...
Aug 5, 2017 | Blog, Death Tax, Family Businesses
New Data On The Effects Of The Death Tax Almost twice as many family members sell their business or property early because of the death tax, and those who leave the business or property to their children to determine how to pay the 55% tax. This means that death taxes...
