Estate, Gift & GST Tax Law Changes



Practice Areas

Robinson Bradshaw Publication
Jan. 21, 2011

On Dec. 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, which extends the Bush income tax cuts and sets forth the U.S. Estate, Gift and Generation-Skipping Transfer Tax laws for 2011 and 2012. The following is a brief summary of the transfer tax provisions of the act as they may apply to your family:

The increased estate tax exemption and “portability” are significant changes in federal estate tax law which may impact your estate plan. Please let us know if you would like us to review your wills and trust instruments in light of these important changes.

Moreover, new planning opportunities are also available as a result of the increased gift tax exemption available in 2011 and 2012. Please contact our Trusts & Estates Team if you wish to discuss the most effective gifting strategies.

Main Menu