MKA Executive Planners Blog

Which Will You Pay — Estate Taxes, Income Taxes, Or No Taxes At All?

Posted by John Yagjian on Tue, Aug, 18, 2015

Current Estate Planning – Tax Considerations

The interplay between basis, estate tax, and income tax requires that the estate planner take into consideration a number of factors (i.e., basis, growth potential, appreciation, federal and state estate taxes, and income and capital gain taxes) in order to determine if lifetime transfers are appropriate, and, if so, the proper asset and transfer strategy.  This is true regardless of the size of the estate.

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Tags: Taxes, Estate Tax, Estate Planning

Presidential Tax Proposals – A Big Wow!

Posted by Barry Koslow on Tue, Feb, 24, 2015

The Obama Administration recently released its federal budget for fiscal year 2016 proposing several tax law changes, which, if enacted, could significantly increase your federal income, capital gains and/or estate tax exposure. Although Congress may not take action on these proposals, they may provide some insight into potential areas of consideration for future tax reform legislation. Some of the more notable proposals include:

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Tags: Taxes, Estate Tax, Estate Planning

Foreign Nationals and United States Taxes: Effective Planning is all about the Intangibles

Posted by John Yagjian on Fri, Mar, 21, 2014

Many foreign individuals choose to invest in the United States for a variety of good reasons such as to provide for family living here, to purchase a second home, or to take advantage of the relative security of the U.S. economic system.  Those non-citizens, whether they are classified as “non-resident aliens” or “resident aliens,” face a complex set of rules based on tax codes and international treaties for income and wealth transfers.

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Tags: Taxes, Estate Tax, Life Insurance, Gift Tax

Federal Estate and Gifting Strategies to Consider Before 2013

Posted by John Yagjian on Tue, Oct, 30, 2012

For 2012, the federal exemption from all three transfer taxes is $5,120,000 ($10,240,000 for married couples).  The gift and estate tax exemptions are each scheduled to revert to $1,000,000, and the generation skipping transfer tax exemption (GST) is scheduled to revert to $1,390,000 on January 1, 2013.  No one really expects a complete reversion, but it is highly unlikely that that all three types of transfer taxes will be sustained at the current, historically high, levels.  Here are a few reasons why a great deal of wealth will be transferred between January 1 and December 31, 2012, in variety of ways. 

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Tags: Estate Tax, Gift Tax, Estate Planning

The Hidden Massachusetts Estate Tax

Posted by John Yagjian on Mon, Apr, 30, 2012

Hidden Estate Tax
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Tags: Estate Tax