The necessity and benefit of estate planning in the uncertain environment
Without new legislation before year-end, rates are poised to increase for income, estate, gift, and generation-skipping taxes on Jan. 1, 2013. While a "wait and see" approach may seem the right course to take given tax law uncertainty in an election year, it could mean a significant lost opportunity as estate, gift, and generation-skipping tax rates could increase 57 percent and the lifetime gift exemptions could decrease 80 percent. In spite of the uncertainty, there is still time to implement strategies to take advantage of current rates, but don’t wait too long.
Join our panel of estate planning professionals to learn about opportunities that can help minimize your taxes and preserve your wealth.