by FamilyTrust | Apr 3, 2014 | Taxes, Trust & Estate Blog
One of the main principles of modern currency is that it must be “fungible” to be considered as money, which means that one unit, say a $100 bill, is able to replace or be replaced by any other $100 bill; that the two are, in essence, identical and...
by FamilyTrust | Jul 23, 2013 | A / B / C Trusts, Credit Shelter Trust, Estate Planning, Estate Tax Exemptions, Indiana
In Spring 2013, Governor Pence signed legislation that eliminated Indiana’s inheritance tax. Earlier in 2013, the US government approved a $5.25 million federal estate exemption with “portability”. Portability means that on the first spouses’ death, the estate can...
