@momto3 The Fed does not have an inheritage tax, but some states do. They are two separate things.
P prayingkelly New member Wednesday at 7:37 AM #21 @momto3 The Fed does not have an inheritage tax, but some states do. They are two separate things.
M momto3 New member Yesterday at 2:00 AM #22 @prayingkelly The reason for this is because there's a good chance if she lives several more years the portfolio would be above the lifetime gift amount, which can be heavily taxed when she passes. Click to expand... Okay, yeah that is my understanding. Good good. Perhaps I am misreading it but the above was what prompted my question.
@prayingkelly The reason for this is because there's a good chance if she lives several more years the portfolio would be above the lifetime gift amount, which can be heavily taxed when she passes. Click to expand... Okay, yeah that is my understanding. Good good. Perhaps I am misreading it but the above was what prompted my question.
M mouffon New member Yesterday at 8:21 PM #23 @prayingkelly Definitely have a federal gift and estate tax but each individual has an 13 million exemption
@prayingkelly Definitely have a federal gift and estate tax but each individual has an 13 million exemption
P prayingkelly New member Today at 2:51 AM #24 @mouffon Gift and estate is not an inheritance tax. They're two different things.
