CNBC Personal Finance is reporting what estate planners already know, namely that wealthy investors are holding off on estate planning while they wait and see what Congress will do with the estate tax.  CNBC’s report begins as follows:

Thanks, Congress. Wealthy investors hold off on estate tax planning The estate and gift tax exemption is $5.49 million per individual. Top federal tax on gifts and estates is 40 percent. Lawyers won’t bet on the outright repeal of the estate tax.

See full report: Thanks, Congress. Wealthy investors hold off on estate tax planning

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.