Questions About Estate Tax

Does Portability Make Bypass Trusts Obsolete?

Before this year, bypass trusts were necessary to preserve a deceased spouse’s federal estate tax exemption. This is no longer the case. Under the new estate tax rules, a deceased spouse’s estate tax exemption is portable. But does this new law make bypass trusts obsolete? An excellent article by attorney and journalist, Deborah Jacobs, points … Read More

A Temporary Fix: The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

NB: This article was published on January 10, 2011 and contains information that may be outdated. For current information regarding the estate tax, read: Estate Tax Certainty…For Now. It came down to the wire, but on December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 into law. If Congress … Read More

It’s a Done Deal!

NB: This article was published on December 17, 2010 and contains information that may be outdated. For current information regarding the estate tax, read: Estate Tax Certainty…For Now. Last night, members of the House of Representatives approved the agreement reached between Republicans and President Obama, which temporarily extends Bush-era tax cuts for all Americans and sets the estate … Read More

Deal or No Deal: The Estate Tax Debate Continues

NB: This article was published on December 13, 2010 and contains information that may be outdated. For current information regarding the estate tax, read: Estate Tax Certainty…For Now If you’ve been keeping up with the estate tax debate, you’ve probably already heard that President Obama reached a tax cut agreement with Republicans last week. Part of the deal … Read More

The Return of the Estate Tax

NB: This article was published on December 7, 2010 and contains information that may be outdated. For current information regarding the estate tax, read: Estate Tax Certainty…For Now. As I mentioned in Monday’s article, opponents of the estate tax are suggesting that if Congress does not address the estate tax in 2010, people with infirm family members will … Read More

For 98 Percent of Americans, Return of the Estate Tax is Nothing to Fear

NB: This article was published on December 7, 2010 and contains information that may be outdated. For current information regarding the estate tax, read: Estate Tax Certainty…For Now. If you’ve tuned in to your favorite television news show or read your local newspaper, you’re probably aware that the estate tax is about to return. And … Read More