Estate & Gift Tax Planning

Beginning in 2013, the estate and lifetime gift tax exemptions are scheduled to return to $1 million and the top gift and estate tax rates are scheduled to increase to 55%. The higher 2012 exemption provides investors with an opportunity to transfer wealth to future generations gift and estate tax free, provided they act quickly. By implementing an effective gifting strategy in preparation for the expiration of the higher gift tax exemption at year-end, individuals can take timely action to decrease their future estate taxes and leave their inheritances intact. Choosing which assets to gift and how to invest gifted assets can enhance this objective.

Contact one of our Estate Planning attorneys to discuss, assure and maximize tax savings.