The article titled "Advisors Predict Obama Tax Deal Will Hurt Trust Business" and published in The Trust Advisor Blog discusses the implications of the new 35% estate tax rate and $5 million individual exemption, a $10 million for a couple . The Obama Tax Deal came as a surprise to the estate planning community. The November election defeat forced Obama to accept a Republican proposal of 35% tax rate, the lowest rate since the 1920s. As a result, the estate planning attorneys would need to work harder and to offer new products to the wealthy clients to stay relevant.
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Posted by Mariya V. Link, Associate Editor, Wealth Strategies Journal
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