Tax
Oct. 9, 2010
Don't Let Estate Tax Uncertainty Postpone Your Estate Planning
Although the fate of the estate tax is unknown, pushing estate planning decisions to the backburner is a bad idea. By Los Angeles lawyer Scott Tansey.
Many lawyers believe that, until there is certainty regarding the fate of the estate tax, many clients will neither create a new estate plan nor modify an existing one. Currently there is no estate tax in 2010. If Congress does not pass any legislation, the estate tax will return next year with a much lower exemption amount and higher rates than existed in 2009. Congress also has the option of passing legislation keeping the estate tax but...
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