Private Wealth Group Bulletin

As the new year approaches, you may wish to revisit your estate plan in light of tax law changes set to take place on January 1, 2009. Under current law, individuals may shelter up to $2 million from federal estate tax, meaning that married couples may protect up to $4 million with a properly structured estate plan. Each individual also currently has an exemption of $2 million from generation-skipping transfer (“GST”) tax, and an exemption of $1 million from federal gift tax.

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