Possible Estate Tax Increase Coming

In the last 15 years, 13 countries have repealed their estate or inheritance taxes, but in the U.S. the estate tax may be increasing rather than on a path to repeal. If step up basis is ended per the President’s proposal, the U.S. estate tax rate could move from the 4th to the 1st highest in the world.

See Robert W. Wood, U.S. Estate Tax Is 4th Highest At 40%, But Obama Wants To Make Us #1….At 68%, Forbes, March 18, 2015.

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.