The federal estate is in disarray. Congress and the President unfortunately have allowed the estate tax to expire for only one year. One may, and I am one, oppose the basic concept of the Estate Tax. The problem is that under present law the Estate Tax will return in 2011 with only a $1,000,000 exemption and a 55 percent top rate. Human nature what it is, a strong desire to save taxes, rich people who are old or infirm will have an incentive to commit suicide before the end of 2010. This is horrible tax policy. Kevin Staker
I am following the news daily regarding the moves, or rather the present lack of action, in Congress and by the President regarding the Estate Tax. My thought is I will post the news I find, hopefully frequently, to aid anyone who wants to be well informed on the Estate Tax.
After the issue gets resolved, hopefully by the end of the year, I will return this theme of this blog back to estate planning in general, in particular, California estate planning. Kevin Staker
My hope that a search for news regarding “estate tax” will yield a link to this blog. We shall see. I have set up a search alert. Kevin Staker
By Kevin Staker