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Fast and furious, the world out there is changing

Michael Baron
Apr 25, 2023
Apr 25, 2023

Estate tax return adds clarity for two years — Temporary resumption of the federal estate tax adds clarity to planning for two years. IFT photo by Gene Lucht

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Dear Michael: We have heard recent reports about land sales which, if applied to our land, would mean we may be looking at estate taxes. The exemption per person is still over $13 million dollars, but that does not add up very well for us as we are well more than this. Are we going to be looking at estate taxes again? – Taxed to Death.

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Michael Baron provides estate planning guidance at Great Plains Diversified Services in Bismarck, North Dakota. Email him at KeeptheFamilyFarm@gmail.com.