Monthly Archives: December 2010

Estate Planning Alert

A 2001 federal law known as EGTRRA resulted in an odd situation: a $3.5 million estate exemption and 45% tax rate in 2009, no estate tax in 2010, and a $1.0 million estate exemption and tax rate up to 60% … Continue reading

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Gift Tax – A Brief Overview

A gift, according to the Internal Revenue Service (IRS), is “[a]ny transfer to an individual, either directly or indirectly, where full consideration (measured in money or money’s worth) is not received in return.”  Generally, the donor is responsible for paying … Continue reading

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