Upcoming Changes to the Federal Estate Tax Exemption
by the Hills Bank Wealth Management Group
Managing and minimizing expected taxes on an estate is an important goal of estate planning and is a concern for individuals as they prepare
three main taxes: income, inheritance, and estate tax. Since inheritance tax is being abolished on January 1, 2025 in Iowa, we are going to focus on federal estate tax in this article because it is set to change on January 1, 2026.
their estate planning documents. Estates in Iowa are impacted by
20
Friends Club News
Made with FlippingBook - Online catalogs