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Federal Estate Tax Update 2010

By Gerry W. Beyer

Estate tax pic Sharon Klein (Head of Wealth Advisory, Lazard Wealth Management) recently published her article entitled Federal Estate Tax Update and Planning Considerations for 2010, abanet.org (2010). The introduction is below:

On January 1, 2010, the unthinkable became reality: the federal estate and generation-skipping transfer (“GST”) tax regimes lapsed for the year. There continues to be considerable uncertainty regarding possible congressional action in 2010, including the issue of whether any action taken will be retroactive.

And so, here we are: well into the second half of 2010 with no clarity in sight. Where do we stand?

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