Questions to Ask Your Estate Planning Attorney 7 Reasons for an Irrevocable Life Insurance Trust (ILIT) Retirement: What Happens if a Spouse Dies? Are Estate Distributions Taxable? Declining an Inheritance
With the imminent return to the White House of Donald Trump, the tax outlook is coming into focus. And the nation’s wealthiest taxpayers, who were facing a halving of the lifetime estate and gift tax exemption (currently $13.6 million) at the end of 2025, may have dodged a bullet. ...
Establishing a revocable trust to hold and distribute assets doesn't protect the assets from estate taxation if the estate's value exceeds the federal estate tax exemption. It's set at $13.61 million for an individual decedent in 2024 but it's indexed for inflation so it can increase a litt...
In addition to Republic, this ILO is an initiative of Roche Freedman, a law firm known for representing the estate of Dave Kleiman in the case against Craig Wright, as well as ahost of class-action suitsagainst token issuers. Founder and partner Kyle Roche told The Block that ...
Also recently, Zhejiang has clearly extended the implementation period of the real estate tax and urban land use tax exemption policy to June 30, 2021. The housing and land use tax of the four major industries, including accommodation and catering, sports and entertainment, transportation and touri...
Today, December 19, 2021, Senator Joe Manchin (D., W.Va.) said that he opposes the Build Back Better Act, which effectively prevents its passage. While there are no immediate prospects for the Build Back Better Act to become law, future tax acts te
In April 2014, Parliament approved exemption of specialised solar equipment dealers from the 16 percent tax imposed under the VAT law that came into force on September 2, 2013. Kenya is an active commercial PV system market in the developing world, with an installed PV capacity in the ...