Jan 272012
 
2012: The Year Estate Tax Planning Reemerges

It is no secret that the tax deal that President Obama and Congress reached in the final days of 2010 discouraged many from seeking estate planning advice in 2011.  The legislation that set a $5 million estate and gift tax exemption for 2011 and 2012 has all but eliminated estate tax avoidance as a motivating factor for clients.  This is true even though estate planners have been stressing the fact that these changes present generous planning opportunities. Currently, the estate tax rate is 35% and applies only to estates worth more than $5 million, or $10 million for couples.  Since More…