Estate tax law uncertainty: Keeping your plan on track
Abstract: If Congress allows current rates and exemptions to expire at the end of 2012 as scheduled, some families could lose significant amounts of wealth to gift, estate and generation-skipping transfer taxes. But Congress may extend current exemptions and rates or take other action. Because of this uncertainty with estate tax laws, it’s important to stay on the right track. This article discusses whether it’s advisable to make gifts this year.