Congressional Democrats Rebel Against Their Own President; Vote to Reject Obama's Tax Plan
Today is sad news from Washington. The President's Tax Plan, a compromise reached with Republican leadership, was rejected today by Congressional Democrats who rebelled against their own President.
You can read more here from CNN:
As of today, this means there is no compromise on income taxes or estate taxes. The President's economic advisers announced that Congressional Democrats had just voted to continue and deepen the recession.
What does this mean for your estate planning? It means that nuclear winter on your estate arrives January 1st, 2011. Sad news for the entire country.
Bernie Greenberg
BECAUSE DEATH AND TAXES: Learn about what you need to do to be prepared for what's coming. Wills, trusts, taxes, probate. If you haven't experienced it you will. Estate planning is one of the most important things you can do to protect yourself and your family. Please join Bernie Greenberg's world of estate planning. www.kgattys.com
Thursday, December 9, 2010
Tuesday, December 7, 2010
A Historic Agreement On Estate Taxes? Maybe.
Late Monday, December 6, 2010 the White House and Republican Leadership reached an agreement on tax policy for 2010-2012. What does it mean?
It could mean nothing and it could be historic. Nothing has passed Congress yet, and the Democratic leadership reacted negatively to the proposal.
On estate taxes it would mean a new $5 million exemption against the federal estate tax with a rate of 35%. That would be truly historic if it happens.
Up in the air at the time of this writing is exactly what the rules would be for people dying in 2010.
All I can say right now is stay tuned!
Sad news as the President's own party has rebelled against him and voted to reject the President's tax plan:
http://bit.ly/hWARHj
Bernie Greenberg
It could mean nothing and it could be historic. Nothing has passed Congress yet, and the Democratic leadership reacted negatively to the proposal.
On estate taxes it would mean a new $5 million exemption against the federal estate tax with a rate of 35%. That would be truly historic if it happens.
Up in the air at the time of this writing is exactly what the rules would be for people dying in 2010.
All I can say right now is stay tuned!
Sad news as the President's own party has rebelled against him and voted to reject the President's tax plan:
http://bit.ly/hWARHj
Bernie Greenberg
Thursday, December 2, 2010
The Gift
The Gift of Estate Planning: One of The Best Gifts of All
It's the holiday season, the season of thanks and gift giving. Here's an idea for a gift that you may not have considered. The gift of estate planning. This could be the most important gift you ever give to your loved ones.
In 32 years of practicing estate planning law, I have never had a surviving family member tell me that they were sad that Dad, or Mom, had done their estate plan. On the contrary, the reaction has always been gratitude that we assisted their loved one with their plan.
What better gift can you ever give to your family then the gift of security, protection and peace of mind? Yet, most people will spend more time and money each year on the annual vacation then on protecting themselves, their family and property with an estate plan.
Please consider these benefits to your family when thinking of gifts this holiday season.
I will add to this with more thoughts on why the gift of estate could be the best idea for you this holiday season. Stay tuned.
It's the holiday season, the season of thanks and gift giving. Here's an idea for a gift that you may not have considered. The gift of estate planning. This could be the most important gift you ever give to your loved ones.
In 32 years of practicing estate planning law, I have never had a surviving family member tell me that they were sad that Dad, or Mom, had done their estate plan. On the contrary, the reaction has always been gratitude that we assisted their loved one with their plan.
What better gift can you ever give to your family then the gift of security, protection and peace of mind? Yet, most people will spend more time and money each year on the annual vacation then on protecting themselves, their family and property with an estate plan.
Please consider these benefits to your family when thinking of gifts this holiday season.
I will add to this with more thoughts on why the gift of estate could be the best idea for you this holiday season. Stay tuned.
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