On January 1, 2013, the federal estate, gift and generation-skipping transfer (“GST”) tax exemption amounts are set for a significant reduction, limiting the tax saving opportunities currently available. Proposed legislative changes may also limit other estate planning opportunities available under current law. With these potential changes on the horizon, you should use the remainder of this year to review your estate plan.View full memo, "Higher Tax Rates and Lower Exemptions on the Horizon"
