I was not that great at posting about estate planning in general in California. My practice continues in estate planning and administration. However, because of my experience as an aide to a U.S. Senator decades ago, I am very much interested in the latest news about Congress and the President and their machinations regarding the federal estate tax.
Not much time at the moment but a brief, initial comment. I believe there is a significant (still less than 50 percent) chance the President will let the Bush tax cuts expire on January 1st. Hence, there is a chance we will go back to the $1,000,000 estate tax exemption. More to come.
Federal Estate Tax News