Publications
Federal Estate Tax Changes
The fate of the federal estate, generation-skipping transfer (GST) and gift taxes has been the subject of much discussion in recent months. While most estate planners expected that Congress would act in 2009 to avert the dramatic changes to the tax system which became effective on January 1, 2010, it failed to do so. This Alert outlines some of the key issues that have arisen as a result of the changes. Note that state taxes may still be due for persons transferring wealth in 2010 by death or gift.