This year marks the final year of the Bush-era estate tax exemptions-that is unless Congress acts. The Bush-era tax exemptions put forth at the early start of the millennium will end on Dec 31, 2012. So what will they look like in 2013 if they are left to expire? In...
When Your Life Is On The Line
Inheritances
Nevada holds $500 million in unclaimed inheritances
Many Nevada residents will work their entire lives with the hope of leaving something of value to their heirs. The unfortunate truth is that it sometimes does not happen as planned. Inheritances are not always guaranteed. This is especially true if the proper estate...
The future of estate tax is up in the air
As of right now, the estate tax exemption is $5 million, with a top marginal rate of 35 percent. That means for most residents in Las Vegas, the estate tax does not apply. But in 2013, the current law will expire, causing the exemption amount to drop to $1 million....
Wealthy Americans worry about inheritances left to children
More money -- more problems. At least that is the conclusion of a recent survey of wealthy Americans conducted by Barclays Wealth, although the survey results could certainly apply to even those of modest means in Nevada. Amongst its many findings was the revelation...
Inheritances possibly complicated by Steve Jobs’ family tree
When technological genius and Apple founder Steve Jobs died on October 5 at the age of 56, speculation increased about his estate and who would be in line to receive inheritances. Unlike some other famous people, Jobs knew his battle against cancer would cut his life...
Inheritances result in library makeover
When most people think about "inheritance," they think about people leaving money for children or grandchildren, but believe it or not -- there's more than meets the eye when it comes to beneficiaries. Inheritances can do a lot of good for a lot of people, and Nevada...
Inheritances can be deceptively complicated to disperse
There is a large disparity between courts in our great nation. No matter where a person lives, probate administration inheritances can be extremely complex issues -- and mandates governing probate law vary from state to state. Nevada residents may be able to relate to...