Take Advantage of the Tax Relief Act of 2010 While You Still Can
The Tax Relief Act of 2010 allows for much higher exemption rates for estates and gifting for individuals and married couples. However, the Act’s provisions are only scheduled until January 1, 2013, after which the unified tax credit will decrease again. If you have not reviewed your estate plan to reflect this Act and its tax exemptions, don’t wait until the opportunity passes you by. An Arizona estate planning attorney can help you take advantage of this chance.
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