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Pennsylvania Estate Planning Blog
Tuesday, December 01, 2009
Federal Estate Tax in 2010?
There is possible movement in Congress this week on crafting an estate tax "fix" (some people may have other names for it) in 2010 to keep the highly regarded tax at the current 2009 levels. Previously, the federal estate tax was to be repealed in 2010, and then was to come back in 2011. If that wasn't bad enough, now it looks as though Congress may actually find a way to keep the tax in 2010 at the last minute. We will keep you updated on the latest developments. Right now, the federal estate tax is 45% if your assets are worth more than $3.5 Million, and $7 Millon for a married couple. Below those numbers, you are exempt from the federal estate tax.
The Law Offices of Jeremy A. Wechsler assist clients with Estate Planning, Wills, Trusts, Asset Protection, Special Needs Planning, Powers of Attorney, Will Challenges and Probate/Estate Administration in Willow Grove, PA as well as Abington, Hatboro, Dresher, Horsham, Bryn Athyn, Huntingdon Valley, Fort Washington, Jenkintown, Glenside, Oreland, Warminister, Wyncote, Ambler, Elkins Park, Flourtown, Philadelphia, Warrington, Cheltenham, Gwynedd Valley, Jamison, Feasterville Trevose, Richboro, North Wales, Blue Bell, Lafayette Hill, King of Prussia, Collegeville, Oaks, Phoenixville, Oxford Valley, Langhorne, Penndel, Bristol, Fairless Hills, Bensalem Plymouth Meeting and Furlong in Philadelphia County, Bucks County and Montgomery County.
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