Estate Planning

 

Estate Planning Guides:

Estate Planning Opportunities and Strategies for Private Forest Landowners (by Michael G. Jacobson and John Becker, Penn State)

Estate Planning for Forest Landowners - What Will Become of Your Timberland? (by Haney and Siegel)

Conservation Easements:

Role of Conservation Easements in Estate Planning - (coming soon)

Estate Tax Resources:

Estate Tax Statistics for 2005 - The IRS has posted to its website the statistics for estate tax returns filed in 2005. Browse to http://www.irs.gov/taxstats/ and click on "Estate and Gift Tax" under "Individual Tax Statistics."  Although forestland is not broken out separately, the data provides an overview of the impact of the federal estate tax. A total of 39,481 returns were filed. Of these 18,431, or 47%, showed tax due. Fifty-four percent of returns were for decedents with a gross estate between $1.5 and $2.5 million. The largest asset category was non-closely held stock, totaling over $34 billion. compared to just under $6 billion for closely held stock. Farm assets totaled $1.2 billion, and real estate other than personal residences was reported in 25,125 returns and totaled $22.8 billion in value.

Allocation of Stepped-up Basis - Basis For Income Tax Purposes of Assets Inherited From Decedent's Dieing After December 31, 2009...|continue|

Estate and Gift Tax Law: Changes Under the Economic Growth and Tax Relief Reconciliation Act of 2001 (PDF)

Federal Taxation of Estates - (coming soon)