Federal estate tax changes may impact you We want you to be aware of the changing landscape regarding the federal estate tax and how it may impact you.
As you may know, the federal estate tax has been repealed for 2010. There is some speculation that legislation will be enacted this year to create a new federal estate tax regime, one that could even be retroactive to the beginning of 2010. Others believe that Congress will choose not to address estate tax legislation this year which, based on prior law, would set the individual federal estate tax exemption at $1,000,000 in 2011 (down from $3.5 million in 2009).
The recent changes to the law and the continuing uncertainty going forward could present unintended consequences for your estate and financial plans. If you have any questions about how these changes may affect you, we encourage you to consult with your legal and tax advisor. |
