What is the Taxpayer Relief Act of 2012?
This massive new tax legislation is probably mis-named and should be called the Taxpayer Relief Act of 2013! The legislation is the political compromise to avoid what was being called the fiscal cliff.
While this new tax law does not avoid the fiscal cliff entirely, it is a highly controversial and politicized tax bill and is very complicated.
Here is a recent article to review that summarizes the legislation:
Take a look at this article and let me know if you have any questions about how this affects your estate planning.
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