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…

Small Estate Affidavit has Limited Utility

Dear Mr. Premack: I am in my second marriage. My husband had two children and I had two children from our previous marriages. We maintain several separate accounts with funds we had before we got married. My husband’s intent was to leave one of his accounts to his son, but the account itself just listed…