When it comes time to think about your estate planning, there are plenty of awkward questions you will have to consider. One of the most uncomfortable questions is, “What will happen to my body when I die?” While you have the time and opportunity today to make that decision, you still need to put someone in charge of making sure your wishes happen, and this needs to be done legally. After you pass, someone needs to be in charge of what happens to your physical body. This designated person is the one who will manage the disposition of your remains,.

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As we’ve described in a previous blog, estate tax is a one-time tax that affects some people upon their deaths. It is based on the total value of your assets. It includes things like bank accounts, real estate, and stocks. This tax is based on whether or not your total net worth is more than about 11.6 million dollars as of 2020. If your sum is less than that amount, then you are not charged an estate tax. If your sum is more than that, you will be taxed a percentage of 40% for any surplus amount that goes over.

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As described in an earlier blog, the estate tax is simply a one-time tax that some people have to pay upon their deaths. It is based on the net value of this person’s total assets, so it includes things like bank accounts, real estate, and stocks. This tax is based on whether or not your total net worth is more than about 11.6 million dollars. If your sum is less than that amount, then you are not charged a death tax. If your sum is more than that, you will be taxed a percentage of 40% for any surplus amount.

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It’s been said that nothing is certain but death and taxes and, for some, this is definitely a harsh truth. The “Death Tax” is a nickname often used to refer to the federal estate tax. This is simply a one-time tax that some people have to pay upon their deaths. It is based on the total value of a person’s assets. It includes things like bank accounts, real estate, and stocks. This tax is based on whether or not your total net worth is more than about 11.6 million dollars as of 2020. If your sum is less than that.

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We’re talking about a probate sale today, about when they happen and what usually is required in order for the sale to go through.  Now this is a general overview, so there’s a lot more technical details involved, but at the end of the day, when someone petitions for a probate, so that means that they usually don’t have a trust or the house is not in the trust and they go to probate, the judge will ask whether that person who is in charge can be bondable. And what that means is, can they get “insurance” if they commit.

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Today, we’re talking about how to limit or avoid completely the estate tax. The estate tax is levied upon death. It’s called the death tax. It’s levied after the government gives you an exemption, an amount you can have without paying any taxes upon death.  So if you have less than $11.49 million as of today in 2019, You won’t have to pay a tax. But if you are over that amount, you will have to pay a 40% tax on all of those assets above the exemption. They want it in nine months. One question that was all all.

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Today, We’re going to be talking about the estate tax for a married couple. From previous blog, it said that if you have 11.5 million dollars of exemption as of today, which 11.49 but, it’s still 11.5 million dollars 2019 of federal estate tax exemption.  But in California, there isn’t any so you don’t have to worry, but for federal there is. So if you have less than 11.5 million dollars you’re good. If you have over 11.5 million dollars, it’s 40% of every dollar over 11.5 million dollars. So if you’re married, what happens? How much do you have?.

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Let’s talk about the estate tax. How far do you know what is the estate tax, also known as the death tax? It’s a tax that is levied upon you when you pass away.  Some government will have said like this “I know you’ve paid taxes all this time, “but how much you have left?” And some says, “Oh, well I have a couple million dollars.” And they will have said back, “Are you within the exemption? “If you’re not within the exemption, “you’re going to have to pay a tax.”  What’s the exemption today in 2019 or 2020? It’s.

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