The Detroit news today has a great article that summarizes the confusion regarding the estate tax. As the article indicates, Congress had “planned” to correct many of these issues when it passed the Bush tax cuts many years ago. Unfortunately, they have not come back and resolved many of these issues.
The confusion that is continuing to exist regarding this issue is forcing many people to revisit their estate plan to ensure that their heirs are protected. As always we can help to make sure that a proper plan is put in place for the future.