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Taxation & Estate Planning
: Rubin on TaxOBAMA AND ESTATE TAXES -WHAT TO EXPECT?
By Charles Rubin
Presently, the unified credit is scheduled to shelter $3.5 million in assets per person in 2009. In 2010, there is no estate tax. In 2011, the unified credit is scheduled to return to $1 million.
What can we expect of President-Elect Obama? Of course, its too soon to tell, but his campaign promise was to make permanent the 2009 rates and credit - a $3.5 million unified credit equivalent and a 45% maximum estate tax rate.
Full post as published by Rubin on Tax on November 08, 2008 (boomark / email).
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