On Dec. 16, 2010, Congress passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. President Barack Obama signed the act into law on Dec. 17, 2010.
The act, among other things, reforms the federal estate tax, gift tax and generation-skipping transfer (GST) tax laws for 2010 through 2012. It is important to note that the changes the act made regarding these taxes will expire on Dec. 31, 2012. Thus, absent further legislation, many of the federal laws regarding such taxes will revert on Jan. 1, 2013, to such laws as they existed prior to 2001. A chart that summarizes these changes made by the act and the effect on estate taxes, gift taxes and GST taxes after 2012 in the absence of any further legislation concerning these matters is included in this article.
Federal Estate Tax Laws
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
