Archive for 'Estate Planning Taxes'

By Kristy S. Phillips

I was talking with my mom the other day when she made the comment that she hoped that they had enough to support themselves for the rest of their lives. She added she had always hoped to leave the kids a legacy, but now she was afraid that is not going to happen. My dad has always been a good provider and I am sure this is difficult for both of them. With the economy in shambles ...

“Estate planning taxes” do not exist. There is no tax on the process of estate planning. However, if you neglect to set up an estate plan, it will cost you. If you don’t take action, your family will lose money in the form of probate, state estate taxes, and federal estate taxes. None of these is an “estate planning tax,” but they are all very real costs that you can and should avoid.

What documents ...