Friday, April 30, 2010 Press Coverage of Estate Planning this Week (Apr. 30, 2010)
Deborah L. Jacobs of Forbes discusses actions to take now to reduce estate taxes later, which may prove particularly valuable if the estate tax is not fixed before next year and we return to a $1 million per person threshold and a 55 percent tax rate. Her recommendations include maximizing annual gifts, planning that removes life insurance proceeds from your taxable estate, funding a college account, and paying a family member’s tuition or medical expenses, among others. See Six Ways to Leave Less for Uncle Sam (Apr. 28, 2010). |