SAN FRANCISCO — A vexing year for estate planning lawyers culminated mid-December in clarity — and a gift.
A long deadlock over the fate of expiring Bush-era tax cuts meant lawyers couldn’t tell their clients how much they’d be paying in gift, estate and other taxes this year or next. But when President Obama finally signed the tax bill on Dec. 17, estate lawyers got their answers — and an unexpected bonus for clients: higher exemptions and lower taxes.
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