Posts Tagged ‘ generation skipping tax ’

Last Month in Estate Planning (October 2011)

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The following is a summary of popular topics discussed in estate planning blogs and articles last month. Federal Estate and Gift Tax Updates The IRS announced that for 2012, the federal estate tax exclusion will increase to $5,120,000 (it was $5 million in 2011).  As Julie Garber of about.com notes, this means that the lifetime…

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Update: The “Super Committee” and the State of Estate Taxes

Senator Jon Kyl (R-Arizona) - Image via Wikipedia

The Super Committee Congress has recently created a bipartisan “Super Committee” that is tasked with coming up with cutting $1.2 trillion from the U.S. Debt by November 23, 2011.  The Super Committee, also known as the U.S. Congress Joint Select Committee on Deficit Reduction, was created as a result of the recent debt ceiling crisis…

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Obama Signs New Tax Law: How It Affects You

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The House and Senate have passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, also known as the 2010 Tax Relief Act, and President Obama signed the bill today.  Let’s take a brief first look at how the new law will affect all of us.  Read more...

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