Uncertain times for estate planners: What changes loom for 2009?

Several possible changes that may occur in the very near future pose great uncertainty for estate planners. The biggest uncertainty revolves around the estate tax. The Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”) presently provides for a $3.5 million exemption from the estate tax, a gift tax exclusion amount of $1 million, and a flat tax rate of 45 percent. Additionally, the federal credit for state estate taxes was repealed, leading to state estate tax over and above the federal tax in several states...

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About Jesse Coyle

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Mr. Jesse T. Coyle is a licensed attorney in both North Carolina and Illinois, as well as a Certified Financial Planner™. Jesse has dedicated his career to helping all families navigate the complicated waters of estate planning and probate matters. Jesse and the members of Carolina Tax, Trusts & Estates are available for your call and would be pleased to assist you.

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