Navigating through debt can be an incredibly challenging and stressful experience, especially when you’re unsure about the best approach to take. It’s common to feel overwhelmed and frightened, particularly if you’re considering options like bankruptcy. At Gurdin Law, we understand the weight of these financial difficulties, and we are here to offer the necessary support…
Probate and Estate Administration Making Estate Administration and Probate Simple I can help you deal with probate of a will in a decedent’s estate. Handling the affairs of someone who has dies is not an easy process. I can take you through the steps necessary to have a will officially recognized. Next, I will assist in…
Estate tax: value closely held business Date: The valuation date is the date of the decedent’s death. An alternate date six months later may be elected but only if it decreases both the estate and the tax. If an alternative date is used, that date will be used for all assets of the estate. The…
ESTATE TAX Valuation continued: Listed securities: The mean between the day’s highs and lows on the valuation date is used. If the shares are sold ex-dividend, the amount that the estate will receive is used. The valuation of bonds includes the interest to the valuation date. Restrictions to or an impediment to sale can result…
The unified tax on transfers has three parts: gift tax(for transfers made during life), estate tax(for transfers made at death) and generation-skipping tax(for transfers that skip a generation). The gift and estate taxes are imposed on an individual for gifts during life and on his or her estate for transfers at death based upon the…
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