Press Room: Article

December 15, 2010

Pulling the Plug on Estate and GST Tax Savings

Now that the November 2010 elections are over and control of the House shifted from the Democrats to the Republicans, all eyes are on Congress to see how they address various estate, gift, and generation skipping transfer (GST) tax issues.

As discussed in previous newsletter articles and under the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), the federal estate and GST taxes were repealed for the 2010 tax year.

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