Press releases for wealth advisors

New Federal Estate Tax Poses A Potential Hazard To Retirees (2011-02-09)
One of the most notable provisions in the recently passed Obama Tax Relief and Job Creation Act of 2010 (the 'Act') is the raising of the federal estate tax exemption limit to $5,000,000 per person with a maximum estate tax rate of 35%. This means that a married couple, with proper planning, can pass $10,000,000 estate tax-free. And while this is welcomed news to many wealthy investors, the recent Act comes with a potential downside.