Many of our clients are confused about the current estate tax law. This year (2010) there is no estate tax. Next year (2011) the estate tax exclusion reverts back to $1 million and a maximum tax of 55%. This is an outcome few predicted, most believing – how could they in retrospect – that a prudent Congress would “fix” the law by extending the 2009 exclusion of $3.5 million into the future. Prudent tax policy was pushed over the side of the Health Care mountain. Click HERE to read a new article in the current issue of Forbes that addresses a few issues for you to consider.
Founder and Owner at Parman & Easterday
After helping his own family deal with a lengthy probate and the IRS following his father’s untimely death in a farm accident, Larry Parman made a decision to help families create effective estate plans designed to reduce taxes, minimize legal interference with the transfer of assets to one’s heirs, and protect his clients’ assets from predators and creditors.
Latest posts by Larry Parman, Attorney at Law (see all)
- Special Needs Planning: Life Enhancements With No Loss of Benefits - May 19, 2022
- Five Ways a Trust Can Be Better Than a Will - May 17, 2022
- Do All Estate Transfers Go Through Probate? - May 12, 2022
