How the New Estate Tax Law Affects You and Your Estate Plan

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How the New Estate Tax Law Affects You and Your Estate Plan

By Darlynn Morgan, Orange County Estate Tax Lawyer

Finally, a tax deal is in place!

To the relief of many estate planners, financial planners and concerned citizens across the United States, the controversial tax compromise was successfully passed through Congress and ultimately signed into law last Friday.

This comes after an entire year of uncertainty as professionals and taxpayers alike were losing hope that Congress would act before the pre-2001 tax rates reverted back into law at the beginning of the year.

Of course while there are still a number of people unhappy with this 11th hour deal ( including the President himself), it’s still a better solution than tax hikes across the board and an estate tax that was bound to affect even the middle class.

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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.

© Darlynn Morgan, Morgan Law Group | Attorney Advertising

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