The changes to federal estate tax law brought by the Tax Cut and Jobs Act of 2017 won’t affect Kentucky state law. That’s because Kentucky hasn’t had an estate tax since 2005. Kentucky is, however, one of only six states that has an inheritance tax – joining Nebraska,...
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The importance of an equine appraiser in your high-asset divorce
On Behalf of Burbank & Collins, P.S.C. | Jan 22, 2019 | High Asset Divorce
If part of your estate or income is derived from your horses, you may soon need the services of an equine appraiser. Even if you intend to donate or gift your horses during the divorce proceedings, if the horse’s value exceeds $5000 you will need an appraiser for IRS...
Four signs your spouse may be hiding assets
On Behalf of Burbank & Collins, P.S.C. | Dec 27, 2018 | High Asset Divorce
In especially contentious divorces there are sometimes concerns that one spouse is hiding assets. If you have suspicions like this, your distrust may not be unfounded. Divorce can be an expensive process and despite it being illegal, hiding assets can be tempting for...
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