Estate Planning and the Election

With all of the political rhetoric about "change" in Washington these days, there is a total void of any discussion regarding the current Estate, Gift and Generation-Skipping Taxes in the next several years. The top federal estate tax rate, which is currently 45% will stay at that rate until 2010. Current law calls for the rate to be repealed and the current federal estate tax will go to zero for the year 2010.

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