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Posted on 4/29/2010 - Health Care Debate: Long Term Insurance Overhaul...
Posted on 1/5/2010 - Survey uncovers surprising long-term care myths and facts...
Posted on 10/29/2009 - Healthcare reform may offer another option for long-term care planning...
Posted on 10/25/2009 - Will Pennyslvania lawmakers divert Medicaid stimulus money?...
Posted on 7/29/2009
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Asset Protection
- 10 Reasons to Consider Long-Term Care Insurance
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- Gift tax annual exclusion to remain unchanged in 2010. Contact us to see how this factors into your estate plan
- Gift tax annual exclusion to remain unchanged in 2010. Contact us to see how this factors into your estate plan
News
The future of the estate tax is becoming clearer
Posted on Apr 30, 2009
Confusing and controversial laws have made it challenging for some people to complete their estate plans over the last several years. However, it looks as though the dust is settling around the thorny issue of what to do with the estate tax in 2010 and 2011.
One criticism of the current estate tax law – which would abolish the estate tax completely in 2010, only to aggressively reinstate it in 2011 – is that it could induce families to hasten or prolong the death of their elderly family members in order to take advantage of the 2010 change.
All morbid thoughts aside, lawmakers are eager to reinstate the estate tax in 2010 and ensure that it remains at a more reasonable level for subsequent years. Lawmakers agree that there is zero chance that the estate tax will disappear in 2010 as stated in the current law.
Even if Congress’ version of the Obama administration budget, which includes changes to the estate tax, doesn’t pass as written, lawmakers are expected to at a minimum reinstate the state tax for 2010. It remains to be seen what other changes will be passed in the final budget.
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