Green Cremations

Green Cremations image

People who want to have their remains treated in a way that is environmentally friendly, have not had too many options. However, a new cremation method may be the answer.

Some people today are more concerned about their environmental footprint than ever before. They are even willing to pay more for cars that are cleaner, even if those cars go slower than others.

People will go out of their way to recycle their garbage and use green products. However, people who want an environmentally friendly final resting place do not have many options.

The best option for most people is...

How the U.K. Taxes Gifts

How the U.K. Taxes Gifts image

In the U.K., taxes on estates are handled differently than in the U.S. They also tax gifts differently.

The recent death of Bruce Forsyth, a television personality in the U.K., is a good opportunity to show how the U.K. and the U.S. treat taxes on gifts and estates differently.

In the U.S., we have an estate tax on estates that exceed the exemption amount. Currently, that amount is $5.49 million per taxpayer (increasing to $5.6 million on Jan. 1, 2018).

The estate must pay tax on the value above the exemption amount, before any assets are distributed to heirs.