In Part I of this blog, we reviewed the effect of the Senate-passed estate tax law changes, and how the new law would reduce estate tax for about 2,700 estates per year. For eight years. The bill also provides that the increased estate tax exemption applies only for 2018-2025…after 8 years the 2017 law magically re-appears. How do taxpayers plan now? It would seem unwise to change any planning that addresses the current law since, well, we just don’t know!
This blog is not intended to constitute, and does not constitute, legal advise to anyone or any specific situation. The content of these blogs is my view only. See also our legal notices.