Some assets, however, may be excluded, affecting the estate's value and tax obligations. Understanding what is included in the gross estate is important for inheritance, taxes, and the executor's ...

When the estate tax was not in effect in 2010, he noted, gross charitable requests in IRS tax filings plunged 37%. “Look, if you get rid of the estate tax, local charities are really going to be ...

Transactions involving the disposition of a U.S. real property interest (“USRPI”) by a foreign person (i.e., a nonresident alien individual or ...

The federal estate tax applies to combined gross assets and prior taxable gifts that exceed $11.7 million per individual and $23.4 million for couples in 2021. However, some states have lower ...

Explore the challenges of traditional IRAs in estate planning, comparing ChatGPT's insights with expert critique.