Categories
Long-Term Care Planning

Estate Tax And Estate Planning Attorney [Video]

Watch/Read More

The estate tax is a tax on a person’s assets after death. In 2020, federal estate tax generally applies to assets over $11.58 million. Estate tax rate ranges from 18% to 40%. Assets spouses inherit generally aren’t subject to estate tax. The estate tax, sometimes called the “death tax,” is a tax levied on the estate of a person who has recently died. It applies to the money and assets in an estate before they are dispersed to a person’s designated heirs. Only estates that reach a legally defined threshold are subject to the estate tax. The inheritance tax is different from the estate tax. The inheritance tax applies to money after it has been passed on to beneficiaries, who are responsible for paying the tax. Utah does not levy an inheritance tax. However, inheritance laws from other states may apply to you if someone from a state with an inheritance tax …

Categories
Long-Term Care Planning

The Houston Police Officers’ Union looks out for the needs of 2,000 officers. Our personal service and compelling features led the union to choose OneAmerica to service the officers’ retirement plan.