By now, you probably know about the 2010 estate tax law. But if you have a living trust, you really need to know if you have to do anything with your trust and powers of attorney. Basic Exclusion Amount There have been significant changes under the new law that includes some new words (and acronyms) [...]
As you may know, the estate tax exemption is scheduled to revert back to $1 million in 2011 with a top estate tax rate of 55 percent. However, in an effort to avert an increase in income tax rates effective January 1st, the President has agreed to a $5 million estate tax exemption with a [...]
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