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Category Archives: Estate Planning

Inheritance Tax

What is an inheritance tax? There are a number of different taxes to consider when planning and administering an estate.  Technically, an inheritance tax can be defined as a tax on receiving money.  In the United States, and specifically here in Wisconsin, we don't have an inheritance tax for money received.  On the other hand,…
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Capital Gains Taxes for Estates

Capital Gains Taxes for Estates When planning or administering the estate, one of the many kind of taxes to consider is capital gains tax.  Capital gains are a type of income, but are taxed differently than ordinary income, such as wages. What are capital gains? Capital gains are, essentially, the amount you make when you sell…
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The Will

America is generally familiar with the will - everyone has seen a movie or show whose plot is based on some relative leaving a pile of money and everyone shows up at the 'reading of the will' to find out what their cut is. But what, besides pitting an already dysfunctional family against itself (according…
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Retirement Accounts and Estates

There are a number of retirement account options that get tax benefits (these accounts are called "tax qualified" in the industry). Think of the Traditional IRA or a 401(k). The government wants you to save for retirement (so that it doesn't have to spend as much) so it gives you incentives to put some money…
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