In This Issue:

- Conditions favorable for gifts: High exemption amount and low tax rate make

2012 the year to transfer significant wealth

- Keep family harmony when transferring a vacation home

- Transfer business ownership or remain boss? Nonvoting stock lets you share

the wealth without losing control

- Estate Planning Pitfall: You’re donating real estate to charity

Excerpt from Conditions favorable for gifts: High exemption amount and low tax rate make 2012 the year to transfer significant wealth

With many provisions of the 2010 Tax Relief act set to expire at the end of 2012, estate tax uncertainty continues. This year, the gift, estate and generationskipping transfer (GST) tax exemption amounts stand at a record-high $5.12 million. And the top rate for all three taxes is 35%, the lowest it’s been in many years. Should you take advantage of this unprecedented opportunity to transfer substantial amounts of wealth to your family tax-free?

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