California Estate Planning Blog by Kevin Staker

January 3, 2013

Most Predicting Estate and Related Exemptions Will Be $5,250,000 for 2013

I appear to be the only person predicting the exemptions will be $5,260,000, everyone else I can find is estimating it will be $5,250,000.

For example: see National Law review at http://www.natlawreview.com/article/taxpayer-relief-act-brings-assortment-changes

And see Greenberg, Glusker: http://greenbergglusker.com/news/headlines/Fiscal-Cliff-Deal-Extends-5-Million-Estate-and-Gift-Tax-Credit-and-Generation-Skipping-Transfer-Tax-Exemption-but-Increases-Tax-Rate-to-40-

We await word from the IRS. It will come in the form of a “Revenue Procedure”. I will check for it to be published and will post when it comes out.

We shall see.

Kevin Staker
Estate Tax News Blog

P.S. President Obama signed the Tax Act today while in Hawaii using an autopen, whatever in the heck that is.

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3 Comments »

  1. I assume the heading has a typo. For a brief second I thought the exemption dropped.

    Comment by Ben — January 3, 2013 @ 2:40 pm | Reply

    • Thanks

      Comment by kevinstaker — January 3, 2013 @ 4:20 pm | Reply

  2. […] the exemptions will be $5,260,000, everyone else I can find is estimating it will be $5,250,000,” writes Kevin Staker, an estate planning attorney in […]

    Pingback by More Estate Tax Changes Could Follow Fiscal Cliff Deal - Forbes — January 6, 2013 @ 5:45 am | Reply


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