ESCOBAR AND ASSOCIATES ANNOUCEMENT REGARDING COVID-19

Escobar and Associates Attorneys at Law remains open during the COVID-19 Coronavirus pandemic. Legal services are defined as “essential” within the Stay at Home Order executed by Florida Governor, Ron DeSantis. We remain committed to providing uninterrupted legal services to all clients. We also remain dedicated to the health and safety of our clients and staff. Within the office, our firm has already implemented protocols to keep clients and staff safe during this crisis. We understand as criminal defense attorneys how crucial it is for our attorneys and staff to remain available 24 hours a day, seven days a week to provide legal services for clients in need.

Your pursuit of justice starts here!

Speak to an attorney 24 hours a day free consultations

Email Us & Get Help
Today

Nevada estate planners may enjoy permanent tax amount

| Jan 16, 2013 | Inheritances

As many readers in Nevada know, recent discussions in the national government have been contentious as Congress sought to avoid the fiscal cliff. One of the most important issues to those considering planning an estate has been the estate tax that was set to adjust at the start of the new year. As we have discussed before in this column, under the Bush tax cuts the estate tax was set to revert to the 2001 level of a $1 million exemption.

The good news for our readers in Nevada and others across the nation is that after the debates ended, Congress avoided the estate tax reversion. In addition, the fiscal cliff deal that was reached makes the estate tax exemption amount permanent. This is good news for many working to create an estate plan because, for the past decade, there has been confusion surrounding the exact exemption level due to the yearly changes to the laws.

The new permanent law states that the estate tax exemption is $5.12 million per person. This means that if an individual in our state leaves an amount lower than that to their heirs and beneficiaries, the estate tax would not apply. This is good news for many with smaller estates that feared that the $1 million limit may expose their estates to the estate tax after their deaths.

Many in Nevada and elsewhere find that the estate tax laws are confusing or intimidating. If this is the case, an individual may do well to review all options for estate planning that are available. Each estate planning tool can be customized to achieve the desired results for an individual and their estate.

Source: LifeHealthPro.com, “Senate makes estate tax permanent,” Arthur D. Postal, Jan.1, 2013

  • Martindale-Hubbell | Top rated lawyer in Tampa | Richard Escobar | For Ethical Standards and Legal Ability | Martindale-Hubbell Top rated lawyer
  • Top Lawyers 2016 | Richard Escobar
  • Top Lawyers 2016 | Dino Michaels
  • Highest Possible Rating in Both Legal Ability & Ethical Standards | AV |AV Preeminent | Richard Escobar | 2016
  • Judicial Education | AV | AV Preeminent | Richard Escobar | 2016
  • CLIENT | DISTINCTION AWARD | Dino mike Michaels, Esq. | Recognized for Excellence | Quality of Service | Overall Value | Responsiveness | Communication Ability
  • 15 | YEAR | Anniversary | Proudly Serving | the Community | Since 2001 | Dino Mike Michaels
  • 10 Best 2018 | Richard Escobar | Client Satisfaction | American Institute Of Criminal Law Attorneys

Archives

Email Us & Get Help
Today

FindLaw Network