generation-skipping transfer tax

Understanding the Impact of The New Estate and Gift Tax Laws

February 21, 2014

monetarygiftAn important aspect of our childhood development revolved around playing various sports and games. We learned to properly understand the rules of those games and formulated strategies to win. We also learned to adapt to the ever changing dynamics of the games we played. When it comes to estate planning, things aren’t much different. As the President signed the latest changes regarding estate and gift tax laws named “American Taxpayer Relief Act” on January 2, 2013; it is important to understand and review the impact of those changes in order to make adjustments to our existing estate plans and gifting strategies. (more…)