Sentences with phrase «lower estate tax liability»

Essentially, the special use valuation allows an executor to assign a property a lower value — and consequently a lower estate tax liability — if its «special use» lowers its value below what would otherwise be fair market value.

Not exact matches

For estate - and gift - tax purposes, an ideal valuation is one that's as low as possible, to minimize tax liabilities.

· Lower Estate Taxes — Reduce or possibly eliminate an estate tax liability with the assets beingEstate Taxes — Reduce or possibly eliminate an estate tax liability with the assets beingestate tax liability with the assets being used.

A bequest reduces the taxable portion of an estate and, therefore, may lower federal estate tax liability.

When estate tax laws had low threshold limits, executors and beneficiaries often found themselves needing to liquidate quickly to meet the tax liabilities in a timely fashion or face fines and penalties.