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This page contains a single entry by Associate Editor published on May 8, 2012 2:40 PM.

Top Ten Planning Issues for Non-U.S. Citizens Including U.S. Residents With Foreign Assets was the previous entry in this blog.

May Wealth Managment Updates from Proskauer Rose LLP is the next entry in this blog.

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Beating the 2013 Estate Tax Increase

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Forbes has published an article by Peter J Reilly discussing the challenges that individuals with a net worth of four to fifteen million may face with the scheduled changes in the estate and gift tax rates and exemptions.  

Under the current law,  the estate tax exemption is scheduled to drop from $5,120,000 in 2012 to $1,000,000 in 2013, while the estate tax rate is scheduled to increase from 35% to 55%.

See Peter J Reilly, "Beating The Possible Estate Tax Increase Without Switching To Cat Food - The Midmill Dilemma," Forbes (May 2, 2012).

See Brian Spring, Associate Editor, Wealth Strategies Journal.

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