Estate/Inheritance Taxes in Texas vs California

This column first appeared in the San Antonio Express-News and its MySA.com website on April 20, 2015.  Dear Mr. Premack: My parents live in Texas, while I live in California. If I am anticipating inheriting just over $5 million, how does living in California affect the taxes? Do I have to move back to Texas…

Estate Tax & Gift Tax Exemptions

This column first appeared in the San Antonio Express-News and the MySA website on January 14, 2015. Dear Mr. Premack: It is a new year. What has the IRS done with the federal estate tax for 2015, and what about the gift tax? – I.R. The federal estate tax is imposed upon an individual’s death…