The estate and gift taxes did survive but with significant increases to their exclusion amounts.

If you should be named the Executor of an estate, you need to be aware that you could be held personally liable for any unpaid taxes of the deceased.

Most of us have some sort of life insurance, so that when we die, our loved ones will be able to use the proceeds to pay off our debts and provide for some of their future living expenses.

Starting with those who had birthdays in July 2011, the SSA is going to discontinue mailing these annual projected benefit statements. It is expected to save $30 million, this fiscal year, and $60 million, next fiscal year, by ending the mailings.

The recently enacted 2012-2013 budget that Gov. Kasich signed into law includes a provision that eliminates the Ohio estate tax. Before this repeal, Ohio taxed anyone who died with assets above $338,333 at a tax rate of up to 7%. This was the lowest exemption amount of any state in the United States.