Tag: Tax Deduction

Even a couple of years back estate tax and income tax were not as foreboding as they are today. Children often moved into their parents’ houses after their parents passed away. Things are not that simple today! Doctors in the USA are having a hard time. Their average income usually ranges between $156,000 and $315,000 […]

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The marital deduction is a great way to save taxes. It is two deductions that have a common purpose. The marital deduction has the power to shelter asset and property transfer between spouses from any federal estate tax and gift tax. Regardless of the circumstances, the exemption holds when the transfer occurs before the death […]

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Doctors who own a business have unique needs when it comes to estate planning and tax planning. Throughout their lives, they face numerous challenges in their profession. Most doctors in the USA are concerned with three prominent issues in their financial lives – taxes, probate and malpractice lawsuits. Many doctors face litigious patients who are […]

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