There is bantering in parlors everywhere about whether Congress can and will impose the federal estate tax retroactively for 2010, thus taxing many estates such as the behemoth Steinbrenner estate in connection with decedents dying in 2010. The temptation to recover otherwise lost tax revenue is great.
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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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