An estate tax return must be filed if the total value of a decedent’s estate is greater than $13,990,000 in 2025 and greater than $15,000,000 in 2026. The return must be filed within nine months of the decedent’s date of death unless a six-month extension to file the return was approved by the IRS. In… [keep reading…]
Tag: Estate Taxes
Why Estate Taxes Aren’t the Only Inheritance-Related Costs to Consider
Estate planning discussions often focus on the federal estate tax exemption, but most families face different challenges when transferring wealth. Probate fees, state-level taxes, capital gains exposure, and administrative complexity can all erode inheritances – even for estates well below the federal threshold. A comprehensive estate plan addresses these hidden costs, not just headline tax numbers.