In April, President Trump proposed a tax plan that, among other cuts, eliminates the estate tax altogether.  The current federal estate tax is 40% on estates exceeding $5.49 million.  While ending the tax might seem beneficial at face value, it could have serious implications for estate planning and end-of-life decision making.  There are two problems…

The start of a new year is a good time to consider upcoming changes in the tax laws that may affect your estate planning in 2017. The federal estate tax exemption is increasing slightly in 2017.  Estates of individual decedents who pass away in 2017 will be exempt from federal estate taxes up to $5,490,000,…

As this dismal election season slouches towards Gomorrah, we examine the candidates’ positions on two issues familiar to San Francisco Bay Area trust and probate attorneys—the federal estate tax and the “step up” basis rule for capital gains. The federal estate tax is a tax levied upon a person’s estate at their death.  (Some states…

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