The 3.8% net investment income tax (NIIT) can affect an estate plan in two ways: First, it can increase tax on capital gains, taxable interest and other investment income, reducing the amount of wealth available to heirs....more
In This Issue:
- The net investment income tax and your estate plan: How one affects the other
- Use a noncharitable purpose trust to achieve a variety of goals
- Addressing adopted children or stepchildren in your...more
10/5/2015
/ Adopted Children ,
Estate Planning ,
Estate Tax ,
Gift Tax ,
Income Taxes ,
Inheritance ,
Jointly-Owned Property ,
Modified Adjusted Gross Income ,
Net Investment Income ,
Noncharitable Purpose Trusts ,
Stepchildren ,
Trusts
In This Issue:
- New 3.8% Medicare contribution tax: Do you know how to reduce or eliminate your liability?
- Estate planning for adopted children and stepchildren
- Shipping your trust over the state line to...more
One of the funding mechanisms for health care reform is a new 3.8% Medicare contribution tax on net investment income (NII) going into effect this year. The tax applies to higher-income individuals as well as to trusts and...more