by Arthur Geffen | Apr 11, 2013 | Estate Tax
President Obama seeks in his new budget to raise the estate tax, which was permanently lowered in the Jan. 1 “fiscal cliff” deal between the administration and congressional Republicans. Mr. Obama’s proposal would reinstitute the estate tax in 2018 at tax rates...
by Arthur Geffen | Jan 28, 2013 | Estate Planning Solutions, Estate Tax, Inheritance Tax
Think you don’t have to worry about estate taxes because of the new generous federal estate tax law? Not so, for families in 21 states and the District of Columbia where separate state levies are still a big concern. Where Not To Die In 2013 –...
by Arthur Geffen | Jan 16, 2013 | Estate Planning, Estate Planning Solutions, Estate Tax
That uncertainty has fueled a lucrative business for estate planners as the amount that their clients could transfer to subsequent generations tax-free kept threatening to drop, but only went up, as noted here. With the fiscal cliff looming at the end of 2012...
by Arthur Geffen | Jan 10, 2013 | Estate Attorney, Estate Lawyer, Estate Planning, Estate Planning Solutions, Estate Tax
The New Year’s Day fiscal cliff bill, which ended an 11-year period of uncertainty about estate tax exemptions and rates, also made permanent a wonderful break for widows and widowers that was set to expire after a two-year introductory period. Starting...
by Arthur Geffen | Jan 7, 2013 | Estate Attorney, Estate Lawyer, Estate Planning, Estate Planning Solutions, Estate Tax
The last-minute tax deal cobbled together in Washington contained several key elements for estate planning. Now advisors can break the good news to wealthy clients: Permanence The estate and gift tax provisions of the American Taxpayer Relief Act of 2012 are...
by Arthur Geffen | Jan 4, 2013 | Estate Tax, Income Tax
Early in the morning of January 1, Congress finally got around to dealing with the tax part of the fiscal cliff drama by passing what is inaccurately named the American Taxpayer Relief Act of 2012. Thanks to the demise of the so-called payroll tax holiday, all...
