Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Avoiding Estate-Tax Traps

Saturday, August 4, 2012 - 8:37 AM
From the Wall Street Journal
Are you married? Then put a copy of this column with the "valuable documents file" you are leaving—or ought to be—for your heirs.

Here's why: The Internal Revenue Service in June issued guidance for an estate-tax law Congress passed late in 2010. As a result, many couples will now find it easier to maximize federal estate-tax savings without costly predeath planning.

Read more
3
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,600
1. Saturday, August 4, 2012 - 11:59 AM
Thanks for posting this.  First time I had ever seen this issue. 

Probably not that important to each spouse, but great for estate planning and the death of the second spouse.

Thanks, KEN.
3
bobertbobert19 posts since
Jan 16, 2010
Rep Points: 101
2. Sunday, August 5, 2012 - 2:26 AM
If the estate tax exemption reverts to $1 million per spouse next year, then the benefit is certainly diminished. Another reason to vote for Romney. Sorry for the political rant.
2
loulou552 posts since
Aug 3, 2010
Rep Points: 3,431
Reply