It comes as no surprise to anyone that action or inaction by Congress in 2012 will drastically alter the estate tax landscape. The estate tax exemption (i.e., amount of assets not subject to estate tax at your death) will go from $5 million to $1 million in 2013 if Congress does not act. Planning for this uncertainty can be challenging. The best plan for many clients is to implement a “disclaimer” plan in which the surviving spouse gets to decide how much to “disclaim” in setting up estate tax avoidance trust.
Bryson Law Firm: Suwanee, Georgia. Attorney Richard Bryson has over 15 years experience with estate law, elder law, estate planning, probate avoidance, wills and trusts, tax planning, asset protection, personal injury and business formation. Contact our Gwinnett County law firm at 404-909-8842.
The information on this website is not legal advice and is intended for informational purposes only. You should not act or rely on information on this website without consulting an attorney for legal advice regarding your individual situation. Our firm enters into an attorney-client relationship by written fee agreement or an express verbal fee agreement. An attorney-client relationship is not established by visiting this website or by sending or receiving any information from this site.