Austin Probate Lawyer

If Congress does not act, the federal tax exclusion will fall to $1 million in 2011. However, most lawyers believe that Congress will compromise the amount will of exclusion will be raised above $3.5 million. It is currently at $2 million this year and will rise to $3.5 million next year.
Senator Obama would like a […]

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The estate tax relief instituted by the Economic Growth and Tax Relief Reconciliation Act in 2001 may be coming to an end. Under the current system, estates are granted an automatic $2 million exemption from estate tax, a threshold which will increase to $3.5 million in 2009.
However, all that may soon change - the Economic […]

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A study commissioned by the General Assembly of the Connecticut Legislature last year concluded that Connecticut’s estate tax could not be ruled out as having a negative effect on the state’s economy. Despite these results and the ensuing flurry of estate and inheritance tax reform bills sponsored by Republican senators, the issue has seemingly faded […]

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