Stroock Special Bulletin
Federal Estate Tax Reform on the Horizon: President’s Newly Released 2014 Budget Proposals Would Roll Back the $5,000,000 Estate, Gift and GST Tax Exemptions to 2009 Levels, Increase All Transfer Tax Rates to 45% and Curtail Several Popular Wealth-Transfer Techniques
On April 10, 2013, President Obama released his administration's fiscal year 2014 budget. Included in the budget are several revenue proposals relating to the estate, gift and generation-skipping transfer (GST) taxes and retirement plans.
This Stroock Special Bulletin discusses the key proposals and what you should consider doing now, before any proposals limiting future planning opportunities may be enacted by Congress.