Estate Planning and The American Taxpayer Relief Act of 2012

After years of uncertainty around the gift and estate tax provisions, Congress passed The American Taxpayer Relief Act of 2012 on January 1, 2013.  Among other tax changes, this act brought some permanence to estate planning for Americans.  The intent is to be permanent; however, a future Congress can change the exclusion amount or the tax rate or both.  … [Read more...]