Perspective
Jan. 9, 2013
Finally, cliff deal provides some finality in estate planning
On Jan. 1, Congress enacted the American Taxpayer Relief Act of 2012 to avoid going over the "fiscal cliff." The act also ended a tortuous road that the estate tax and gift tax have followed for more than a decade. By Robert Klueger
On Jan. 1, 2013, Congress enacted the American Taxpayer Relief Act of 2012, the law that averted us all going over the "fiscal cliff." The act ended a tortuous road that the estate tax and gift tax have followed for more than a decade.
Beginning in 2001, the exclusions from estate taxes rose steadily from $1 million for persons dying in 2001 to $3.5 million in 2009. The lifetime exclusion from gift tax remained constant at $...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In