Transferring property to a family member can be a meaningful gesture, whether it’s a gift, part of an estate plan, or a strategic financial choice. However, understanding the tax implications is key ...
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Inheritance tax planning: Rules and exemptions
An inheritance can add to your finances, but taxes may reduce the amount that reaches you. Some states tax beneficiaries ...
On July 4, 2025, President Trump signed a new tax law, Section 70106 of H.R. 1, which creates a new $15 million “permanent” federal estate and gift tax exemption, effective for estates of decedents ...
Comerica reports on seven critical gifting mistakes in estate planning that can lead to tax liabilities, urging careful strategizing and disclosure.
Traditional estate planning focused on what happens after death—writing wills, minimizing estate taxes, and transferring assets to heirs. Modern estate planning takes a different approach: Immediate ...
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