In 2009, the federal estate exemption was $3,500,000 per person with a 45 percent estate tax rate. For 2010, there is no estate tax. In 2011, the federal estate exemption is scheduled to decrease to $1,000,000 per person with a 55 percent estate tax rate. If we don’t see any changes from Congress before January 1, 2011, will you need to do some estate planning?
Denise Webster, Tax Partner and Estate Planning Niche Expert
No comments:
Post a Comment