March 2019 Archives

Changes to taxes on gross estates

When a person dies in Georgia or another state, the sum of their possessions both in and outside the United States is subject to estate taxes. These possessions, known as their gross estate, don't just include physical property. Bank accounts, investments, annuities and even unaccounted for gifts are subject to estate taxes. If the total amount of these assets is greater than the federal estate tax exemption, the executor of the estate is required to file form 706. This may even be true even if no taxes are owed.

Housing market is finally looking up for buyers

In recent years, sellers have generally had the upper hand in the housing market in Georgia and many other parts of the country. However, 2019 is shaping up to be a year in which buyers may be gaining back some leverage. According to Redfin, only 13 percent of homes had multiple offers made on them in January.

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Boling Rice LLC
207 Pirkle Ferry Road
Cumming, GA 30040

Phone: 770-887-3162
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