New Estate Tax Law Impacts Estate, Gift and Generation-Skipping Transfer Taxes

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On December 17, merely two weeks before the federal estate tax was scheduled to be reinstated with a $1,000,000 exemption and a 55% tax rate, President Obama signed sweeping new estate tax legislation into law. This new law has a deep impact on estate, gift and generation-skipping transfer taxes and tax planning. This is the first in a series of E-Alerts that addresses how this new law impacts you.

Most notably, the new law increases the estate, gift and generation skipping transfer tax exemptions.

Please see full article below for more information.

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Partridge Snow & Hahn LLP on:

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