2010: An Uncertain Time for Estate Planning
Posted By Administrator on January 13, 2010
According to information provided by New York Times on Yahoo! Finance:
“Most tax advisers thought that Congress would extend the estate tax before it was due to expire at the end of last year. But while the House did act, the Senate did not. So what few predicted would happen did happen: the tax is gone for one year but set to be revived in 2011 at a higher rate and a lower exemption, unless Congress acts. It’s the first time since 1916 that rich Americans can contemplate dying without one last tax.”
This will be a different year for estate planning than in years past.
Read: A Bizarre Year for the Estate Tax Will Require Extra Planning
[Thanks to North Carolina Estate Planning Blog]
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