SmartMoney has published an article advocating for wealthy individuals to make estate planning part of their 2012 New Year's resolutions. The article provides that wealthy individuals will be able to take advantage of the $5 million and $10 million gift and estate tax exemptions in 2012 because of the Joint Select Committee on Deficit Reduction's failure to reduce the estate tax exemption. However, the gift and estate tax exemptions are both scheduled to revert to $1 million in 2013 so individuals should make estate planning a priority in 2012.
See Anne Tergesen, "Estate Planning for 2012," SmartMoney, (Dec. 13, 2011).
HAT TIP: Wills, Trusts and Estates Prof Blog
Posted by Brian Spring, Associate Editor, Wealth Strategies Journal.
See Anne Tergesen, "Estate Planning for 2012," SmartMoney, (Dec. 13, 2011).
HAT TIP: Wills, Trusts and Estates Prof Blog
Posted by Brian Spring, Associate Editor, Wealth Strategies Journal.
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