Very soon, the Congressional House Ways and Means Committee will vote on a repeal of the federal estate and gift tax. If the measure gets through the committee, it would then move on to a full vote in Congress, before being decided upon by the Senate. Currently, the federal estate and gift tax threshold is…
Read MoreRhode Island Estate Tax Update Rhode Island, previously among the most unfriendly estate tax regimes in the country, has now increased its exemption amount to $1.5 million with the passage of the 2015 fiscal year budget bill. The new estate tax threshold will be applicable to persons dying on or after January 1, 2015. The…
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