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Estate Planning After the American Taxpayer Relief Act of 2012

-Contributed by Heather K. Craig At cliff’s edge, on New Year’s Day, 2013, Congress passed the “American Taxpayer Relief Act of 2012’’ (“ATRA”), which the President signed the next day.  What’s exciting is that many changes are labeled “permanent,” allowing greater certainty in planning, although, of course, permanence means only whatever future Congresses decide it […]
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Making Sense of Changes in Estate Tax Law

Federal Estate Tax Portability By Dan W. Holbrook TENN. BAR J., Feb. 2011, at 16 “The future isn’t what it used to be.”  Paul Valery Late in 2010, Congress amended the federal estate tax.  A chart on page 19 lists the new federal estate and gift tax exemptions and the Tennessee inheritance tax exemptions by […]
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January 31 Deadline for 2012 IRA “Charitable Rollovers”

The newly enacted tax law reinstates IRA “qualified charitable distributions” (QCDs) and gives a January-only opportunity to make a QCD retroactive to 2012.  The following is a summary by estate planning lawyer and nationally-known charitable giving authority, Conrad Teitell (used by permission).  Please contact us right away if you would like to discuss this opportunity.
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Certainty At Last – Estate Tax and Gift Tax Legislation Signed on January 2, 2013

At long last, Congress has given us some certainty with respect to the federal wealth transfer taxes, that is, the estate tax, the gift tax, and the generation-skipping transfer (“GST”) tax.  The American Taxpayer Relief Act of 2012 (“ATRA”) provides permanence to the federal wealth transfer tax system for the first time in more than […]
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