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The exemption amount for Federal Estate Tax was $3,500,000, with the highest estate tax rate of 45% until December 31, 2009. On January 1, 2010 it was repealed. Unless Congress does something to change things, on January 1, 2011, the Estate Exemption goes back to $1,000,000, with the highest estate tax rate of 55%. Uncle [...] Your Will is a document that allows you to transfer the property that you own on your death to the people or groups that you [...] As of January 1, 2010, the estate tax went away for a year. This can have a significant impact on a larger estate; since traditionally the “death tax” as many have come to call the estate tax, can eat up nearly half of a wealthy person’s estate. |
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6606 FM 1488, Suite 148-363, Magnolia, Texas 77354
Phone: (281) 440-6416 or (936) 321-2583
E-mail: bradiex3@bradie-law.com
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