Charles Monat Associates: Tax changes likely for estates






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	Wednesday, November 07, 2007 Tax changes likely for estates If you have assets of more than $1 million, the cost of not planning will come in the form of potentially higher taxes if you die after 2010. That's when the current estate tax exemption (the amount that's not subject to tax) of $2 million in assets expires and reverts to the 2001 exemption of $1 million. The higher exemption was the result of President Bush's tax cut plan, which expires in 2010. Read more... posted by Charles Monat Associates at 12:52 PM 0 Comments: Post a Comment « Home
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