Sentences with phrase «potential estate tax liability»

Therefore, the amount of your potential estate tax liability will be reduced.

Not exact matches

Accordingly, the amount of potential capital gain at death is also frozen, allowing the estate planner to estimate his or her potential tax liability on death and better plan for the payment of income taxes.

You may want to consider having a real estate attorney review all contracts, and consult with a tax specialist regarding your potential tax liabilities.

The financial picture truly isn't complicated (no debts outside mortgage, no complicated assets outside house / checking / savings / 401k accounts, all assets and family are in same state, assets are less than state / federal estate tax limit; no prior marriages or prior children or other potential liabilities, etc...).

The fact is, as the value of your estate increases, so does your potential for an increased tax liability.

Consult your tax professional regarding all potential tax liabilities resulting from the buying and selling of real estate.