Taxation & Estate Planning

Obama & The Estate Tax

By Michael D. Bonasera, Esq.

I’ve touched on this before but the news is making the rounds yet again this morning:

President Obama plans to retain the estate tax and is looking to fix the individual exemption at its current level of $3.5 million per person.  There had been some talk during the campaign about perhaps making the exemption portable, but no mention of that amidst this morning’s sources.

Additionally, this WSJ article goes into a little more detail about what the democrats would like to see happen.

So, thankfully no surprises here.  (Thank goodness)

Full post as published by The Ohio Trust & Estate Blog on January 12, 2009 (boomark / email).