Talk To An Adviser

You can reach us directly by calling us between the hours of 8:30am and 5pm at each of our respective offices and we will immediately assist you.

Request A Call Back

By completing this form, you are consenting to receive telephone communication from Skybound Wealth Management LLC, in accordance with our Privacy Policy.
Thank you!
Your call back request has been received and we will arrange for a member of our team to call you at your desired time.
Oops! Something went wrong while submitting the form
US Estate Tax
April 6, 2020

Dealing With Estate Tax In The US

Share this article

As the old saying goes – ‘there’s nothing as certain as death or taxes’, yet Estate Tax remains one of the most neglected areas of financial planning in the US.

It’s largely down to the surreal nature of planning for what happens when you die, however it is one of the areas that can be most important if you plan to pass on your hard-earned wealth to your family beyond your life.

The current administration and IRS increased the Estate Tax limit from $5.6 million per individual to $11.18 million in 2018. And while these limits seem high, increasingly people are breaching this limit when they take into account all of their assets, including properties, pensions, saving sand investments. This issue can be exacerbated when early death occurs and there has not been much time to spend and enjoy this money in retirement.

The US and the UK have some of the highest DeathTaxes in the world and so planning around this area is a very important part of the 'holistic' financial planning you should be enjoying.

In the US there are various ways to help mitigate some of these taxes, and working with your Financial Advisor and CertifiedPublic Accountant (CPA) is essential, as without careful planning ahead of time, you could end up leaving more of your hard earned money to Uncle Sam rather than your family you leave behind. 

As with any financial planning, care should be taken as well as professional qualified advice. However, this is certainly a very interesting area and something which you should absolutely be seeking advice on if it is relevant and you have not done so already.

Disclosure

To contact us regarding this post, please fill out the form below and we will be in touch soon.

Thank you!
Your call back request has been received and we will arrange for a member of our team to call you at your desired time.
Oops! Something went wrong while submitting the form
Thank you!
Your message has been received and we will arrange for a member of our team to contact you via email or phone to discuss your enquiry.
Oops! Something went wrong while submitting the form
Thank you!
You have successfully subscribed to be notified about future webinars.
Oops! Something went wrong while submitting the form

To contact us regarding this post, please fill out the form below and we will be in touch soon.

Thank you! Enjoy the webinar.
The webinar recording is available to watch above and we will email you a link shortly, so you watch at your leisure.
Oops! Something went wrong while submitting the form

Subscribe to our newsletter

You have successfully subscribed to our newsletter.
Oops! Something went wrong while submitting the form.
Please review the field format and try again.

Related News & Insights

More News & Insights
No items found.