Estate Tax Returns: When To File And What You Need To Know

With the exemption from federal estate tax so high, $11,700,000 in 2021, many people believe their families will never have to worry about filing a federal estate tax return (IRS Form 706) on their deaths. And that is true…ish.  There’s something called the Deceased Spouse Unclaimed Exemption Amount (DSUAE) that could save your family a lot of money, but you can only claim it if you file an estate tax return. Join us as we discuss 706s, Deceased Spouse Unclaimed Exemption Amount (DSUAE), common mistakes to avoid, and more with trust and estates tax expert, Margaret Schopp. https://absolutetrustcounsel.com/057e... [Ad] Need assistance with your estate planning? We can help you understand your options and, legally, how you will best be protected at all touchpoints. https://absolutetrustcounsel.com/sche... We're pleased to provide a library of e-books to address common estate planning questions and concerns in practical, easy-to-understand language. https://absolutetrustcounsel.com/reso... Kirsten would love to offer you access to her Incapacity Planning resource page: https://absolutetrustcounsel.com/inca.... We’ve collected our top planning information all in one place so listeners can find videos, guidebooks, blog posts, and a host of information with tips and strategies on implementing, planning, and protecting themselves and their loved ones. Your Trust Administration Guide: The job of a trustee isn’t as easy as one may think. You must give legal notices, retitle assets, file tax returns, understand a legal document, and perform a variety of tasks most people find unfamiliar. As a trustee, if you forget a step or make a mistake, you could be held liable. Protect yourself, have a plan, and find out the next steps about your specific trust. Schedule a one-hour roadmapping session with Absolute Trust Counsel. We will review your trust, answer your questions and develop an action plan to get the job done right. https://absolutetrustcounsel.com/trus... Kirsten Howe and the Absolute Trust Counsel Team Can Be Reached at 925-943-2740 or [email protected]. Facebook: absolutetrustcounsel X: kirstenhowe LinkedIn: absolute-trust-counsel Instagram: absolutetrustcounsel Episode Credits The Absolute Trust Talk podcast is brought to you with the help of Q2Mark, led by Chief Marketing Officer Susie Hays. Since 2016, Q2Mark has partnered with Absolute Trust Counsel on all marketing communications—from brand development and website design to this podcast series with over 192 episodes, social media management, video production, and more. If you're business owner looking for comprehensive marketing support, visit https://q2mark.com/.