January 24th, 2012
“Possible” Relief From Minnesota Estate Tax for Small Businesses and Family Farms?
During the 2011 Minnesota special legislative session, the Governor signed legislation that has the potential to eliminate the Minnesota estate tax for many Minnesota small businesses and farms. The new law excludes from the Minnesota taxable estate $4,000,000 or the value of such qualified business or farm, whichever is less. This new exemption is in addition to [...]
November 24th, 2011
Good Article on Inheriting a Home with a Mortgage
Here’s a great article about the issues faced when you inherit a home with a mortgage on it. http://www.nytimes.com/2011/11/20/realestate/mortgages-inheriting-a-home-and-a-loan.html?_r=1
November 5th, 2011
Is the Gifting Window Closing Sooner than Expected?
We have previously reported to you about a window of opportunity for significant gifting and estate tax planning as part of the 2010 Tax Act (Click Here to Read). That opportunity is scheduled to expire at the end of 2012. But wait, it may be sooner than that. As you probably already know, Congress recently [...]