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TAX Alert! Big Change Coming January 1, 2011… How Can You Legally Disinherit the IRS?

By Kristina R Haymes

From the Desk of San Diego Trust Attorney, Kristina Haymes… Hey Californians and San Diego families, Kristina Haymes here, on estate planning, and I have a really important message for you. You ready? Coming January 1, 2011, the Bush estate tax cuts will have expired…. what that means for you, is that beginning in January, when someone dies, 55 cents of every dollar over $1 million will go to Uncle Sam (the U.S. government). What? Yes, it is a significant tax! So, when you die, or your loved one dies, the IRS could stand to inherit a lot of money from you and your loved ones. I don’t know about you, but if there was a way to legally, ethically avoid giving the IRS over half of my estate, I would be interested!  Are you? Ok, so here goes… The first line of defense for married couples in the state of California is to have a joint living trust that is set up properly...continue to full post

Full post as published by Mediation Marketing Tips on December 05, 2010 (boomark / email).