Changes in the Estate Tax Laws
– Why EVERYONE MUST Review Their Estate Plan (03/30/10).
On 12/31/09, the estate tax exemption was $3.5 million
and the top estate tax rate was 45%. Today, the estate tax exemption is
unlimited because there is no estate tax. On 01/01/11, the estate tax exemption
is scheduled to be $1 million and the top estate tax rate is set to be
55%.
What does this mean for you?
These roller coaster changes in the law could mean disaster
for your current estate plan (namely, your will and/or revocable trust),
. . .