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Estate Planning

: North Carolina Estate Planning Blog

New Taxes on Investment Income will affect Estates and Trusts

By Greg Herman-Giddens

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According to a recent article on WSJ.com, the additional 3.8% tax that starts in 2013 will also apply to undistributed income in estates and trusts, starting at about the $12,000 mark (making the top rate 44.4%).  This  will make planning for distributions to beneficiaries that much more important, as most beneficiaries will be in lower tax brackets.

Full post as published by North Carolina Estate Planning Blog on June 22, 2010 (boomark / email).

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