Up in the air — With some estate tax provisions set to expire at year end, giving gifts is a solid strategy

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Abstract: Without congressional action, the gift and estate tax exemptions will decrease and gift and estate tax rates will increase on Jan. 1, 2013. This means that two variables are working in favor of making gifts this year: 1) the high gift tax exemption and 2) the fact that the values of many assets are depressed. This article looks at some gifting strategies that may be useful.