Estate Tax

Confidence in Estate Tax Fix is Waning

August 2, 2010

Time is running out. If Congress does not pass new estate tax legislation this year, estates valued at over $1 million will be subject to taxes of up to 55 percent starting on January 1, 2011, which means that many more Americans be affected by the estate tax. When the year began, many estate planning [...]

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Prepare for the Return of the Estate Tax

July 5, 2010

June has already come to an end, and Congress has not yet enacted new estate tax legislation. Although the estate tax is currently dead, it is scheduled to be reinstated on January 1, 2011. Last year, only estates valued at over $3.5 million were subject to an estate tax of up to 45 percent. But [...]

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Senate Republicans and Democrats Unable to Reach Agreement on Estate Tax

May 21, 2010

Many in the estate planning community were hopeful in the past couple of weeks with news that Senate was close to bipartisan agreement on new estate tax legislation. With the House having already passed its own version, it seemed like Congress was one step closer ending the uncertainty that has prevailed this year. But earlier [...]

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House May Consider Estate Tax in April

March 29, 2010

It appears that the House of Representatives may finally start the process of passing new estate tax legislation. According to a recent article in Bloomberg Business Week, the House Ways and Means Committee will begin work in April to retroactively revive last year’s estate tax, which exposed estates worth more than $3.5 million to a [...]

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Wall Street Journal Illustrates How Death of Estate Tax May Cost Heirs More

March 5, 2010

In an article entitled “Why No Estate Tax Could Be a Killer,” the Wall Street Journal illustrated how the death of the estate tax may cost heirs more. The article compared the how two fictional widows with the same asset would fare under this year and last year’s tax laws. One widow, identified as Ms. [...]

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Death of the Estate Tax May Cost Heirs More

February 5, 2010

Most estate planners never expected Congress to let federal estate tax expire. And when it did, most expected Congress to quickly enact new estate tax legislation, possibly making it retroactive to January 1. As of today, Congress has yet to act, leaving the estate planning world in a continued state of turmoil. The Death of [...]

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