California Estate Planning Blog by Kevin Staker

December 31, 2012

Latest Word: Estate Tax Law to Remain As Is But With 40 percent Top Rate

Exemptions and all else as the law is now, in 2012, but with top rate going to 40 percent. What a coup for the Republicans!. Reported by JULIE PACE and BEN FELLER at Associated Press: See http://www.wvva.com/story/20471309/fiscal-cliff-disputes-remain-as-deadline-nears

On the other hand, CNN reporting no deal as of 1:01 pm eastern.  See http://politicalticker.blogs.cnn.com/2012/12/31/latest-updates-final-fiscal-cliff-scramble/?hpt=hp_t1

We shall see.

Kevin Staker

Estate Tax New Blog

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3 Comments »

  1. Is the exemption no longer inflation-adjusted? The reports seem to say that the exemption will be a static $5M.

    Comment by Ben — December 31, 2012 @ 7:28 pm | Reply

    • Thanks for the kind words.

      Comment by kevinstaker — January 2, 2013 @ 11:53 am | Reply

    • No. Take a look at the bill. Makes permanent the changes made at the end of 2010.

      Comment by kevinstaker — January 2, 2013 @ 11:54 am | Reply


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