Upstate Estate Law, P.C. Blog

Well, my prediction of last night may prove incorrect.  The House voted today to extend the current federal estate tax law.  This would continue the current $3,500,000.00 exemption and keep the top rate at 45 %.  It will also keep the estate tax in effect for the year 2010.

I am for this legislation.  I would even like to see Click here to finish this post.

Alas, after many months of health care debate (if we can really call it that) in the U.S. Congress seemingly drowning out all other issues, come signs of life on the federal estate tax front.  The House of Representatives is considering an extension of the current estate tax law. 

You may or may not know the current state of the federal estate tax. For deaths in the year 2009, there is a Click here to finish this post.