With the Bush tax cuts set to expire at the end of 2012, the chance of a tax increase in 2013 seems pretty high. Over the last decade, we’ve seen lower income tax rates and an increase in both the gift and estate tax exemption amounts. With the Bush tax cuts set to expire at [...]
As you may know, the estate tax exemption is $5 million per person. This is substantially higher than the previously scheduled exemption amount of $1 million per person. With proper planning a married couple can now pass up to $10 million in wealth to their heirs free of federal estate tax. Life Insurance Policy? If [...]
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