Toll-Free: (888) 808-5464
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What does this mean for you, your Will or Trust? It means this new federal estate tax, which will be in effect for 2010,2011,2012 tax years, has the largest federal estate tax exemption at $5,000,00 and the lowest federal estate tax rates at 35%.
Unfortunately there is still uncertainty as to what will happen in 2013 and beyond. As of now in 2013 the federal estate tax will revert back to 2002 rates of a %1,000,000 exemption and 55% tax rate. There is no consensus on what will happen to the federal estate tax. Some in Washington believe this Act is the catalyst for a permanent estate tax repeal while others believe this was merely a sell out by President Obama and the war is not over.
The war it seems is not over on estate taxes but as of now for 2010,2011, and 2012 we have the largest federal estate tax exemption ever and the lowest federal estate tax rates. This is valuable information for the drafting, amending, or reviewing of your will and trust. Make sure you utilize this new law in your estate planning strategy.
David M. Frees III
Unruh, Turner, Burke and Frees
Offices serving Malvern, Phoenixville, Devon, Wayne, West Chester,
Chester Springs and many surrounding communities.
David M Frees III, Esquire  dfrees@utbf.com 610-933-8069 If you: 1.) have been appointed as an executor or trustee, or 2.) want to create a will, trust, power of attorney, a comprehensive estate plan, or 3.) are worried your will is out of date or no longer says what you want, or 4.) think that you might need a trust or estate plan that really works and holds up.... Then call and ask one of David's assistants at 610-933-8069 to set up an appointment and to see if you can work directly with David or one of his partners, or associates. It may be one of the most important calls that you ever make. David's AVVO rating is Superb! 10.0
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Unruh, Turner, Burke, and Frees Estate Planning Blog: http://www.utbf.com/trust-estate
Executor and Estate Planning Blog: http://paestateplanners.com/
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