The federal estate tax is set to increase for those single and married. Knowing this can be important for those that are mindful of estate planning and legacy. This yearly statistic is important to watch for those that have an estate of 2 million plus because in recent years that has been the lowest threshold for implementation of the tax. There a special rules as applies to the threshold for married couples. Practically speaking, having a tax professional and financial planner can take some of the stress out of determining what needs to be done in order to avoid any complications.
Having your estate in order is immensely important regardless of the size of the estate. Tiffany R. Lunn thinks that those that are interested in the federal estate tax threshold for 2016 should peruse the following: http://www.forbes.com/sites/ashleaebeling/2015/09/18/2016-projections-for-estate-and-gift-tax-limits-in/
Categories: General
Attorney Tiffany Lunn of Lunn Law LLC: Georgia Family Law Blog 