Income Deduction of Estate Planning Fees | LexisNexis | John Dedon | 3/7/12

Day 093/365 - Tax Time Phat Cash!

Day 093/365 - Tax Time Phat Cash! (Photo credit: Great Beyond)

Question: Are estate planning fees deductible? Answer: It depends. John Dedon explains the cost to do a simple Will, Power of Attorney and Medical Directive are personal expenses and not deductible. However, a portion of the cost to prepare a comprehensive estate plan, involving a revocable trust to avoid probate and a marital and credit trust to reduce or eliminate estate taxes, is deductible….

For full article see: Income Deduction of Estate Planning Fees.

Read more discussion of estate planning topics affecting Virginia residents and U.S. citizens at Dedon on Estate Planning.

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About vinhsu

Center City Philadelphia General Practice Law Firm with emphasis on Criminal Defense, Family Law, Immigration, Real Property, and Wills/Trusts/ Estate Planning. Licensed in Pennsylvania and New Jersey.
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