The material relating to President Obama’s 2012 budget proposal is voluminous. This handout focuses on proposed changes to wealth transfer taxes in Obama’s 2012 budget proposal. It excerpts relevant pages from two sources: (1) Federal Receipts, and (2)
The Treasury Department’s 2012 Green Book: General Explanations of the Administration’s Fiscal Year 2012 Revenue Proposals.
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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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