Article by Cara O’Brien | Found on AccountingToday.com
Estate planning has once again entered the realm of uncertainty.
We do not know if there will be new legislation regarding the estate and gift tax, nor do we know when such possible legislation will take place (if ever). For example, if the estate tax is repealed, will the estate tax cease immediately or as of some future date; or will the estate tax be phased out over a number of years? If there is a repeal, how long will the repeal last (viewed from both the perspective of the text of the new legislation, and the possibility of a political shift that could result in more new legislation)? Read more