Press Room: Article

March 03, 2011

New Gifting Opportunities Under the Tax Relief Act of 2010

Although most publicity surrounding The Tax Relief, Unemployment Insurance Authorization, and Job Creation Act of 2010 (2010 Tax Relief Act), which was signed into law in December 2010, focused on the income tax provisions, it also contains significant taxpayer-friendly changes for estate, gift and generation skipping transfers (GST) taxes.

As a result, the 2010 Tax Relief Act presents a unique window of opportunity for individuals to make meaningful transfers of wealth without being subjected to transfer taxes.

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