Tax
Jun. 2, 2011
What You Should Know About Estate Taxes
The current tax laws provide estate planning attorneys with both a new exemption amount and portability. By Michael Burstein of Burstein Law
The year 2010 was the first year since 1916 that the United States did not have an estate tax. When President Barack Obama signed the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 on Dec. 17, 2010, he and Congress gave taxpayers some certainty in tax planning for the years 2011 and 2012. In the world of an estate planning attorney, that is not a lot of direction. The 2010 Tax Act gave us both a new exemption ...
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