Significant Changes to Estate Taxes in 2013

2013 Budget Proposal . . .
• Lowers estate tax exemption to $3.5 million

• Lowers gift tax exemption to $1.0 million

• Raises estate and gift tax rate to 45%

• Limits use of valuation discounts

• Requires minimum 10-year term for GRATS

For details click 2013 Revenue Proposals.
Estate Planning One-Sheet

a definite must read . . .
Jeffrey M. Zabner
AV Preeminent Attorney