Tax Law
When You Thought It Was Safe to Go Back in the Water – Estate Tax Revisions
Federal estate tax changes in 2013 reduced uncertainty in some areas, but they also made clear that additional revisions could still be on the table. In this Bean, Kinney & Korman article published in the BKK Wills, Trusts & Estates Newsletter, Jonathan C. Kinney explains that the American Taxpayer Relief Act of 2012 set the federal estate, gift, and generation-skipping transfer tax exemption at $5.25 million per person, indexed for inflation, while increasing the top estate tax rate to 40…
August 1, 2013