Archive | Estate Planning

State of Estate Tax

As we are one month into 2014, it is worth discussing the current state of the Estate Tax. A little over a year ago, the US Congress passed the American Taxpayer Relief Act (“ATRA”) of 2012 which froze the exemption amount at $5,000,000, indexed for inflation in future years, with a top tax rate of […]

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GIFTING IN 2012: GREAT OPPORTUNITY DURING AN UNCERTAIN TIME

With the federal current estate tax exemption amount and rate scheduled to expire at the end of the year, much uncertainly looms as to whether Congress will enact permanent legislation, and if so, what will result. As there are several possibilities, ranging from a $1,000,000 exemption amount to keeping the current exemption amount (and alternative […]

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Attractive Wealth Transfer Opportunity in a Depressed Economy

Attractive Wealth Transfer Option in a Depressed Economy               Now is an opportune time for individuals to take advantage of low interest rates when reviewing their estate plans.  One option that is available now, but may become limited by legislation pending in Congress, is known as a “Grantor Retained Annuity Trust” or a “GRAT”.  A […]

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