As you are aware from our previous communications, we are currently in what might be considered a unique, opportunistic and perhaps finite time period where married individuals can effectively shield $10 million in assets from estate tax. However, the time to act is now before this provision expires at year-end!
Click here for a hypothetical example illustrating the potential impact of the expiration of such provisions as well as here for an exhibit setting forth some of the significant tax rate changes scheduled for 2013.
Whether Congress ultimately adopts an exemption amount of $1 million, $3.5 million, or $5 million-or even permanently repeals the estate tax, it is essential to have a plan in place that is fluid and flexible. A carefully designed estate plan requires a comprehensive team of professionals. Our dedicated team employs a multi-disciplinary approach to help clients achieve greater financial security for themselves and their families. Through our affiliates and alliances, we work together to put personal goals into action, and ensure clients have the appropriate tax, estate, financial planning and legal professionals necessary to set plans in motion. We would be pleased to meet with you to discuss your personal tax and estate plan. Call us today!
Last week, I informed you of the national recognition that one of our partners, Bill Pirolli, received as a result of his numerous contributions to our professions.
John J Brough, Jr. is a member of the AICPA's Forensics & Litigation Services (FLS) Committee. John is one of only fourteen forensic and litigation experts across the country serving as a member of the Committee. The FLS Committee provides professional guidance to CPA practitioners who perform forensic accounting investigations and determine economic damages. The Forensic and Valuation Services Center is designed to provide CPAs with a vast array of resources, tools and information on Business Valuation and Forensic and Litigation Services (BV / FLS). The FLS Committee develops, promotes and creates demand for developing emerging forensic accounting services by raising the level of awareness of a CPA's role in this area for lawyers and other service professionals. 
Leah J. Szlatenyi is one of only twelve valuation experts across the country serving as a member of the AICPA's Business Valuation Committee. Her appointment affords her the opportunity to represent all CPAs and business valuation practitioners located in the New England and Mid-Atlantic states. Leah also serves on the RISCPA Business Valuation Committee.