With so much uncertainty regarding the estate tax law is there anything we should be considering in terms of gifting this year or should we wait until next year when we know what the rules will be?
There has been a great deal of discussion about estate taxes recently because there is no federal estate tax upon death during 2010 (at least for now). We do not know for certain whether Congress will retroactively enact the estate tax in some fashion for 2010 but what is highly likely is that there will be an estate tax in the future. Therefore, taking advantage of certain wealth transfer techniques now may pay big dividends for your heirs.
via : news.cincinnati.com
Posted by maher muhawieh