The Michael Tabors Archives: March 2007
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8 March 2007
Real Estate Planning
One way of minimizing estate taxes is to use the gift tax. Gifts of up to $10,000 per year do not generate any taxes. Note that estate taxes do not come into play unless you have assets greater than $650,000 (the estate tax exclusion for tax year 1999).
A revocable living trust can provide three benefits.
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8 March 2007
Mortgage Refinancing
Consider refinancing your mortgage if you can get a rate that is at least one percentage point lower than your existing mortgage rate and plan to keep the new mortgage for several years or more. Ask an accountant to calculate precisely how much your new mortgage (including up-front fees) will cost and whether, in the […]