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Section A: General News


Eagle Ford: Estate-planning seminar Sept. 19




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September 12, 2012 | 1,870 views | 1 comment

The Wilson County AgriLife Extension, in coordination with Johnson Bender and Co., will provide an educational seminar to discuss the implications of the current estate tax law changes, along with potential solutions. The presentation also will discuss charitable planning and investment ideas.

The seminar will take place Wednesday, Sept. 19, from 6-9 p.m. in the Wilson County Show Barn located off S.H. 97E in Floresville. Dinner will be provided at roughly 7 p.m. for those attending. The seminar cost is $10. Registration deadline is Friday, Sept. 14, to the Texas AgriLife Extension office in Wilson County at 830-393-7357.

Ensuring that family assets are passed down from generation to generation is a primary goal for many households. With the Bush Tax Cuts set to expire at the end of 2012, this could result in families with land and other assets (such as farm equipment, homes, and royalties) being subject to death taxes reaching as high as 55 percent. Without adequate financial planning, the next generation could be forced to sell the family’s land and other assets to pay estate taxes.

Many individuals do not realize that the current $5 million (per person) estate tax exemption can be used during their lifetime. The ability to make a large gift free of gift taxes is something that has never before been available as an estate-planning tool.
 

Your Opinions and Comments

 
The Marcelina Muse  
Dry Tank, TX  
September 13, 2012 11:43am
 
Obama wants to solve the estate tax problem. If he is reelected there will be no estates left to tax.

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Section A: General News Archives


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