Federal Estate Tax: What to Expect in 2013
Clients who are concerned about passing their wealth on to family members and other heirs have had plenty of reason for uncertainty in recent years. The federal estate tax scheme originally enacted a decade ago is set to expire at the end of 2012, with significant implications for existing estate plans.
Barring any action by members of Congress, the so-called "death" tax will rise from 35 percent to 55 percent at the end of this year. In addition, the current $5 million exclusion level will decrease to $1 million, meaning that an additional $4 million of the ...
