The 2010 Tax Act delivers solid benefits for the estates of those dying in next two years: a higher exemption, lower tax rates, and an especially generous portability provision for unused exemptions between spouses. However, this exciting news is tempered by both the knowledge that the Act is a temporary fix, and the possibility of a return to pre-2001 rules upon the Act's re-examination by Congress at the end of 2011.
Click to read the full text of "Estate and Gift Taxes Reunited: Estate Planning for 2011 and Voices of 2010" from our partners at Wealth Strategies Journal.
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