|What is the Fate of the Estate Tax?
As 2012 continues to unfold, the fate of the federal estate tax is on many people's mind. The current law is scheduled to expire at the end of the year, and the current top federal estate tax rate of 35% could automatically increase to 55% (and the exemption decrease from $5 million to $1 million) if Congress does not act. President Obama has criticized the current law, and has proposed several changes to the law to take effect next year. For more information, click here to read 'the Green Book' from the U.S. Department of Treasury