Estate Taxes
Posted on July 29th, 2008 by Tort
“Most people don’t realize that we have two systems of taxation. One taxes income as it’s earned; the other taxes wealth as it changes hands. During a person’s lifetime, we call this transfer tax the gift tax. At his or her death, we call it the estate tax, and it could carry significant tax consequences [...]
Filed under: Estate Planning - Generally, Estate Tax, Gifts and Gift Tax, Tax | No Comments »
