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Estate and Gift Taxes After the Fiscal Cliff

Arizona Law, Estate Planning, TaxesAugust 3, 2013

Many people are wondering what happened to the estate and gift tax laws as a result of the last minute law passed by Congress. For the most part, they continued the status quo. This is a huge boon for wealthy individuals. If Congress had not acted, the estate tax exclusion amount would have dropped from…

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James Gandolfini’s Estate a Tax Disaster

Estate Planning, Rich & Famous, TaxesJuly 29, 2013

The taxman is coming. The late James Gandolfini left his heirs an estimated $70 million. However, because of poor estate planning, his heirs will owe a more than $30 million tax bill. What did Gandolfini do wrong? In his will he left 80% of his estate to his sisters and nine month old daughter. This…

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