2010 - The year of there wasn't an estate tax, there could be an estate tax, or you choose if there will be an estate tax (nice thoughtful tax law policy there Washington ... not).
However, we now do have a date of when you must elect to go with the 2010 no estate tax law, or the 2011 $5 million exemption per person law (which estates of decedents who died in 2010 can choose to use). The deadline? November 15, 2011.
Please see full article below for more information.
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Tax Law Updates, Wills, Trusts, & Estate Planning Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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