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!
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