The IRS has finally released information on federal estate and gift tax exemptions for 2017. Individuals will have a federal estate tax exemption of $5.49 million (less lifetime taxable gifts) beginning in 2017. The federal estate tax exemption applies both to...
Month: October 2016
What Is A Small Estate Affidavit?
When an individual dies with a very modest estate, there is a simplified procedure that permits that deceased person's personal representative, family or heirs to collect his or her assets without the complexity, time and expense of a formal probate proceeding. In...
How Do I File A Claim In A Probate state?
If you are a creditor of a decedent who has died, you will need to know how to file a claim against the decedent’s estate in order to protect yourself and preserve the amount due to you. Below you will find general guidance about the process for filing a claim in a...