Estate Taxes….Disappearing?

The estate tax. Now for those of you who don’t understand it, no one can blame you. It is a complicated series of equations taking into account what you own, subtracting your debts and such, and then adding back in your taxable gifts. (For a full explanation, visit the Estate Tax section of the IRS website.) Not so much fun for those of us set to inherit money. You get this lovely surprise at a difficult time and the government wants to come in and take away a chunk of your loved one’s hard earned wealth. Well…not for long. How the government arrives at this number is not...