We are all familiar with income taxes because we pay them each and every year. However, many of us do not think about the estate tax.
Lifetime estate planning is particularly important now because of the uncertainty of estate tax law. For example, for the next four years the exemption equivalent for a decedent is different each and every year, as follows:
Year |
Exemption Equivalent |
2008 |
$2,000,000 |
2009 |
3,500,000 |
2010 |
0 |
2011 |
1,000,000 |
We do not expect Congress to do anything about this uncertainty until after the 2008 elections.
We specialize in designing estate planning programs that will reduce a high net worth family's estate taxes. We also prepare Gift Tax Returns and Trust Income Tax Returns.
Whether conducting case design for family limited partnerships and for trusts, doing planning with life insurance, or creating an estate planning team for you by bringing in our resources of attorneys, trustees and valuation experts, we can help you and your family reduce your estate taxes through good lifetime planning.
