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                                                                                                           January 2009
Wealth Counsellor Alert
Breaking news for wealth planning professionals
In This Issue
Speaker's Bureau
Event Calendar
Obama Plans to Keep Estate Tax
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Speakers Bureau

Invite an estate planning expert to speak at your next client, staff, professional, or community event
Event Calendar - January
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Tell your clients about these upcoming events!  (Click any course title for details)

Estate Planning Basics
  • 1/21/09 6:30 - 8:30 pm, UT
  • 1/22/09 2:00 - 3:00 pm, Georgetown Office
  • 1/22/09 6:00 - 7:00 pm, Georgetown Office
  • 1/27/09 6:30 - 8:30 pm and 2/3/09 6:30 pm - 8:30 pm, Murchison Middle School
  • 1/28/09 2:00 - 3:00 pm, Austin Office
  • 1/28/09 6:00 - 7:00 pm, Austin Office
Medicaid Workshops
  • 1/22/09 3:15 - 4:15 pm, Georgetown Office
  • 1/22/09 7:15 - 8:15 pm, Georgetown Office
  • 1/28/09 3:15 - 4:15 pm, Austin Office
  • 1/28/09 7:15 - 8:15 pm, Austin Office
Community Group Presentations
  • Bastrop Lions Club 1/6/09 7:00 pm
  • Georgetown Lions Club 1/28/09 12:00 pm
Events for Wealth Planning Professionals:

 Interdisciplinary Lunch and Learn
  • 1/14/09 12:00 - 1:00 pm, Austin Office
CPA Lunch and Learn
  • 1/13/09 12:00 - 1:00 pm, Austin Office
Greenbing Head-shot Greetings!

This article concerns the fate of the Estate Tax in 2010 and beyond.  As you probably know, it is currently slated to go away entirely for that one year. 

Instead, it looks like the Democrats will be pressing for it to remain at the level it's at right now - a tax of 45% applied to estate assets that exceed $3.5 million per person or $7 million per couple (assuming that couple has a properly drafted A B Trust arrangement).

I hope you find this Alert to be both timely and useful.

We stand ready to serve you!


                                    Sincerely,
                                      tree2
                                    Ronald G. Greening
                                    The Greening Law Firm, P.C.


Obama Plans to Keep Estate Tax
From the Wall Street Journal,

"Democrats Want to Freeze Levy at Current Levels Instead of Letting It Expire Next Year

By JONATHAN WEISMAN
President-elect Barack Obama and congressional leaders plan to move soon to block the estate tax from disappearing in 2010, suggesting the levy might outlive the "Death Tax Repeal" movement that has tried mightily to kill it..."

Please find the complete article in the Wall Street Journal online by clicking here.

Practice Limited to Estate Planning, Estate Administration, Probate, and Elder Law
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506 West 15th Street, Austin, Texas 78701, 476.0888
1601 Williams Drive Georgetown, Texas 78628, 931.0888

The hiring of an attorney is an important decision.  The items discussed in this newsletter are of a general nature and not intended to provide legal advice.  Please consult with a qualified estate planning/elder law attorney to determine the best options for your personal circumstances.

In accordance with IRS Circular 230, the content of this newsletter is not to be relied upon for the preparation of a tax return or to avoid tax penalties imposed by the Internal Revenue Code.  If you desire a formal opinion on a particular tax matter for the purpose of filing a return or avoiding the imposition of any penalties, please contact us to discuss the further Treasury requirements that must be met and whether it is possible to meet those requirements under the circumstances, as well as the anticipated time and fees involved.

To comply with the U.S. Treasury regulations, we must inform you that (i) any U.S. federal tax advice contained in this newsletter was not intended or written to be used, and cannot be used, by any person for the purpose of avoiding U.S. federal tax penalties that may be imposed on such person and (ii) each taxpayer should seek advice from their tax advisor based on the taxpayer's particular circumstances.