As a service to our customers, we are happy to provide the following recent articles:
Learn more about the 2011 Trust Act and how the required notifications may increase the cost of administering Trusts.
This Article discusses the 2010 Tax Relief Act that expires in 2013. Learn about the changes made concerning Estate tax exemptions and more about Washington State Inheritance Tax Exemptions.
If you are a Trustee of a Trust, a Personal Representative of an Estate or an Attorney-in-Fact (also known as Agent) of a Power of Attorney you have a Fiduciary duty towards interested parties. Learn more about the duties that a Fiduciary has to the Principal in this Article.
The answer is that it saves you capital gains income taxes. In this Article you will learn more about not only stepped up cost basis, but lifetime gifting and the impact the unknown impact if the 2010 Tax Relief Act sunsets.