Estate Tax Is Dead (For Now): What to Do?
Almost no one thought the federal estate tax would really be repealed. But Congress failed to act and so for one year, the United States currently does not have an estate tax. (But it is scheduled to come back with a vengeance next year.) This confusing mess has led to several questions: Will Congress reinstate the tax retroactively? Would that be unconstitutional? Should you change your estate planning documents? Is there still a gift tax? Here are some answers to questions you may have now, as well as some steps you might want to take.
