Archive for the ‘Estate planning’ Category
Last December, President Obama and Congress acted. They did not let taxpayers face a situation where there was no federal estate tax in December, but there would be a federal estate tax on January 1st with an exclusion of only $1,000,000 and a tax rate of 55%. If that had happened, we might have been reading stories in the newspapers about families who pulled the plug on elderly relatives in December to avoid the estate tax. What a nightmare that would have been! But our leaders did act, and in a surprising way.
Highland Investment Advisors’ Whew! They Didn’t Pull the Plug on Grandma. can be viewed by clicking here.
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Access the entire Highland Columns Volume 2, Issue 1 by clicking here.
When I was an undergraduate student at Marquette University, the one common condition my friends and I shared was that we had no money. Mark was the exception. He had a lot of money. He had a new Mustang, a great stereo, and lived off campus in a new high rise apartment building. He seemed to have everything. As it turned out, he was missing one thing – parents. Mark’s parents died in a car accident when he was in high school.
Highland Investment Advisors’ Put an Estate Plan in Place Today can be viewed by clicking here.
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Access the entire Highland Columns Volume 1, Issue 1 by clicking here.
