New Twists in the Old Estate Tax Law
Feb 7, 2011
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By Helen Modly, CFP, CWPA, and Sandra Atkins, CPA/PFS
Congress approved the new estate tax law for 2011 and 2012 and gave executors options for how to handle 2010 estates. On the face of it, the increased exemption and lower tax rate seem like a boon for wealthier clients. However, you shouldn't be fooled into thinking that estate planning is no longer needed. There are pitfalls as well as opportunities in the new law.