Jonathan Curry, of Tax Notes, has made available his article, “‘Wild West’ or Business as Usual? Estate Tax Enters New Territory,” published Marcy 5, 2018.
Mr. Curry’s article begins as follows:
The new tax law’s temporary boost to the estate and gift tax exemption creates a huge opportunity for estate and gift planning, but uncertainty over the future of the estate tax has left some practitioners uneasy.
“It’s kind of the Wild West right now, because there are people who now clearly are not taxable, but if it goes back to half the exemption in 2025 — or perhaps even lower, given a regime change — all these people could be taxable again,” Helen Rogers of Holland and Hart LLP said at a February 9 American Bar Association Section of Taxation meeting in San Diego.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.