Changes to Federal Estate, Gift and Generation-Skipping Transfer Tax Rules Under the New 2010 Tax Law

January 05, 2011
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 recently signed by President Obama clarifies the federal estate, gift and generation-skipping transfer tax rules for 2010 and significantly changes those rules in 2011 and 2012. This update examines the new tax law, which will create significant planning opportunities to consider in 2011 and 2012.