Estate of Mind

Maybe.  Here’s what you need to know:

1. For 2010, there is currently no estate tax. But Congress could act and change the law retroactive to the end of last year. (Yes, this is probably constitutional, but it would likely face litigation that could go on for several years.)
2. If Congress does nothing, there will be no estate tax for people who die in 2010. However, the law will then change back to the old law in 2011, … Continue Reading