Remove 2001 Remove Donation Remove Insurance
article thumbnail

Football, Fumbled Estate Planning, and a $45 Million Tax Bill

Planned Giving

A Bad Defensive Line Section 2001 of the United States Tax Code mandates that estates with assets in excess of $2 million must pay federal taxes on that excess, at rates that can reach up to 46 percent! Consider all your options, including life insurance, charitable gifts, and the charitable donation of retirement accounts.