Tuesday, November 30, 2010

Legal Tip: Estate Taxes & January 1, 2011

Most people do not realize the implications of the Tax Relief Act of 2001 and estate taxes. Come January 1, 2011, estates could be subject to estate taxes if they do not plan properly.  Unless Congress acts before then, as of January 1, 2001, estates valued greater than one million dollars could be subject to federal estate taxes.

As usual, every situation is unique.  Consult with an attorney to find out the full details.

Partner
Mary Ann Barnes
Tucker Griffin Barnes P.C.
Charlottesville, Va
434-973-7474
MBarnes@TGBLaw.com
www.TGBLaw.com

Facebook
Twitter
Video (30 sec)

No comments: