info_outline
No Estate Tax in 2010 - Will It Really Happen?
06/08/2009
No Estate Tax in 2010 - Will It Really Happen?
Ever since Congress passed the current estate tax legislation in 2001 it was the belief of many, including myself, that legislators would have to go back and pass changes to the law before 2010. You see, in 2010 there is no federal estate tax. But, the elimination of the tax applies only to that one year. In fact, in 2011 the federal exemption, the amount one can pass free of federal estate tax, goes back to $1,000,000. It doesn’t take much imagination to see why that can be a dangerous thing. A little explanation is required.
/episode/index/show/elderlawtoday/id/1346088
