March 1, 2011

The December 2010 Tax Act Transfer Tax Highlights

By the Estate Planning Committee

On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. The new law includes sweeping new tax legislation that makes significant changes to estate, gift, and generation-skipping transfer (GST) taxes. The new law may also provide an excellent opportunity to implement additional planning that could be beneficial.

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