Navigation Links
Pozzuolo Rodden, PC, Philadelphia Estate Planning Attorneys, Are Pleased to Announce the Release of the Article "Hot Topics in Estate Planning- 2013"
Date:7/20/2013

the top estate tax rate would have been 55% with an exclusion amount of only $1 million, indexed for inflation. The practical effects of the Act are significant. If the Act had not been passed, a person dying with a $2 million taxable estate could potentially have to pay over a $1 million in estate taxes on the estate.

     The American Taxpayer Relief Act also provides for “portability” between spouses. In other words, the estate of the first to die spouse may make a portability election to permit the surviving spouse to use the first to die spouse’s unused estate tax exclusion amount on the surviving spouse’s estate. The practical effect of this is to increase the surviving spouse’s estate’s exclusion amount to potentially $10 million. Without enactment of the Act, portability would not be available. This could be problematic for those couples near the threshold of the estate tax exclusion in that while individually, neither of their estates was large enough to trigger taxes, but when coupled together, the value of the estate would cross the tax threshold. Thus, when the first spouse dies and leaves everything to the other spouse, the other spouse’s estate would potentially have to pay taxes on the accumulated estate.

     B. Gift Tax. Similar to its effect on the estate tax, the American Taxpayer Relief Act set the maximum federal gift tax rate at 40%. The Act also includes a $5 million dollar lifetime gift tax exclusion which is adjusted for inflation. Thus, a person still may gift up to $5 million (or more) tax free during his lifetime.

     C. Generation Skipping Transfer Tax. The American Taxpayer Relief Act set the maximum federal generation skipping transfer tax rate at 40%. The Act also includes a $5 million dollar lifetime generation skipping transfer tax exclusion which is adjusted for inflation. The generation skipping transfer tax usually applies when a person makes
'/>"/>

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Page: 1 2 3

Related medicine news :

1. Joseph Pozzuolo and Jeff Pozzuolo, Estate Planning Attys. Will Conduct a Penn State CLE/CPE: The Basics Of Estate Tax Planning After The 2012 American Taxpayer Relief Act
2. Joseph R. Pozzuolo, Esq of Pozzuolo Rodden, Phila Business Attys. will Conduct a CLE/CPE Live/Webcast Commercial Loan Document Seminar for LawLine on May 15, 2013 in NY
3. Pozzuolo Rodden, P.C., Philadelphia Business Attorneys, Announce the Release of the Article: " Can I Sell The Stock Of My Small Business And Pay Zero Federal Taxes?"
4. Pozzuolo Rodden PC, Philadelphia Estate Planning Attorneys, Announce the Release of the Article "How To Use A Trust To Protect Your Children's Inheritance From Divorce"
5. Pozzuolo Rodden, P.C., Philadelphia Business Planning Attorneys, Announce the Release of "IRS Reaffirms Its Commitment To Expand The Audits Of High Net Worth Individuals"
6. The Children’s Hospital of Philadelphia’s 17th Annual Fetal Surgery Family Reunion Gathers Families from Across the U.S.
7. Actors, Models and Talent for Christ Announces Philadelphia Auditions for Up and Coming Talent of All Ages on Saturday, June 22th
8. The Children's Hospital of Philadelphia Earns No. 1 Ranking on U.S. News & World Report’s Best Children’s Hospital List
9. The Children’s Hospital of Philadelphia Celebrates the Birth of Its 1,000th Fetal Surgery Patient
10. Two Community-Involved, Philadelphia-area Students Receive $8,000 Scholarships
11. Editions TV Presents June Air Dates for Philadelphia, PA
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/17/2015)... Bradley, Illinois (PRWEB) April 17, 2015 ... host a Party on the Patio from 2 p.m. ... which is located at 1320 Executive Ct. in Pekin, ... on Medicaid, who need some help to maintain their ... steel drums, and tropical treats will be served during ...
(Date:4/17/2015)... Oklahoma (PRWEB) April 17, 2015 Alcohol ... Drug Dependence (NCADD) notes that drinking and driving has ... At the same time, the link between alcohol ... as domestic abuse and violence and sexual assault, and ... According to the NCADD, 5.3 million adults in America ...
(Date:4/17/2015)... 17, 2015 In Defense of Christians ... statement: “On Wednesday April 15th, the European Parliament joined ... resolution recognizing the Armenian Genocide, “paying tribute, on the ... one-and-a-half million innocent Armenian victims who perished in the ... the EU for this timely and needed recognition of ...
(Date:4/17/2015)... 17, 2015 As a board-certified orthopedic ... new offering of platelet-rich plasma (PRP) and ... is known for its world-class care of injury-caused ... surgical experience lacking in many other physicians offering regenerative ... are utilized for pain management and rehabilitation. Dr. Meier ...
(Date:4/17/2015)... Fla. (PRWEB) April 17, 2015 Baptist ... Center have signed a partnership agreement designed to transform ... , The institutions have agreed to create a joint ... treatment protocols and translational research. Baptist MD Anderson Cancer ... 2015, providing a single destination for highly coordinated, multidisciplinary ...
Breaking Medicine News(10 mins):Health News:John Evans Supportive Living Community Prepares for Party on the Patio 2Health News:Narconon Arrowhead Raises Awareness on Alcohol Related Prevention 2Health News:Narconon Arrowhead Raises Awareness on Alcohol Related Prevention 3Health News:In Defense of Christians Condemns Armenian Genocide 2Health News:In Defense of Christians Condemns Armenian Genocide 3Health News:Platelet-Rich Plasma, Stem Cell Therapy Now Offered By Dr. Meier At MOSM in Beverly Hills, California 2Health News:Platelet-Rich Plasma, Stem Cell Therapy Now Offered By Dr. Meier At MOSM in Beverly Hills, California 3Health News:Baptist Health and MD Anderson Finalize Agreement to Transform Cancer Care in Region 2Health News:Baptist Health and MD Anderson Finalize Agreement to Transform Cancer Care in Region 3
... few decades ago, sudden cardiac arrest was a death sentence. ... once every six hours in Sweden, reveals a thesis from ... all cases of sudden cardiac arrest over a 30-year period. ... treatment of victims of sudden cardiac arrest, shows a thesis ...
... -- Some patients with inflammatory bowel disease may be ... use of immunosuppressant drugs to treat the intestinal disorder, ... The studies, published in the November issue of the ... used to treat patients with irritable bowel disease, or ...
... School of Medicine in St. Louis have obtained new ... by mutations in a gene governing not speech, but ... Beyond a simple association, the study provides the ... lysosomes actually play a role in causing some people ...
... Alan Mozes HealthDay Reporter , TUESDAY, Nov. 22 ... of coffee may reduce their risk for endometrial cancer, new ... the largest study to date to explore the impact of ... is cancer that originates in the lining of the uterus. ...
... , TUESDAY, Nov. 22 (HealthDay News) -- ,A ... to turn off areas of the brain associated with daydreaming ... more about how meditation works could help advance research into ... Brewer, an assistant professor of psychiatry at Yale University. ...
... believed to be the first study of its kind ... without anxiety) and the amount of time to diagnostically ... Boston University School of Medicine (BUSM) have found suffering ... to diagnostic resolution in a vulnerable population of urban ...
Cached Medicine News:Health News:Sharp decrease in deaths from sudden cardiac arrest 2Health News:Chronic Bowel Disease Drugs Linked to Skin Cancer Risk 2Health News:Surprising pathway implicated in stuttering 2Health News:Surprising pathway implicated in stuttering 3Health News:Study Links Coffee to Lower Risk of Endometrial Cancer 2Health News:Study Links Coffee to Lower Risk of Endometrial Cancer 3Health News:Meditation Can 'Turn Off' Regions of the Brain 2Health News:Depression and anxiety not linked to delayed resolution of abnormal mammograms, Pap tests 2
(Date:4/17/2015)... , April 17, 2015  In Detroit, where three out ... rate is two and one half times of the national ... of 10 infants that die in Detroit ... statistics that Covenant Community Care, a faith-based, charitable non-profit Community ... to change thanks to a charitable donation by Konica Minolta ...
(Date:4/17/2015)... Apr. 17, 2015 Steven Rash , the ... and its operating subsidiary American Seed & Oil Company, ... to investors yesterday in New York City.  Mr. Rash,s ... The American Seed & Oil Company has recently announced ... Butter Hemp Seed Foods , the EpiVape , ...
(Date:4/17/2015)... --Research and Markets ( http://www.researchandmarkets.com/research/kh5kqg/the_corporate ) ... Corporate Reputation of Pharma - The Patient Perspective ... to their offering. The Corporate Reputation ... its fourth edition. This report contains the latest ... annual Corporate Reputation report, the author surveys a ...
Breaking Medicine Technology:Covenant Community Care to Receive Donated SONIMAGE P3 Handheld Ultrasound from Konica Minolta Medical Imaging 2Covenant Community Care to Receive Donated SONIMAGE P3 Handheld Ultrasound from Konica Minolta Medical Imaging 3Covenant Community Care to Receive Donated SONIMAGE P3 Handheld Ultrasound from Konica Minolta Medical Imaging 4American Seed & Oil Company Benchmarks its Consumer Product Development Strategy Against Proctor & Gamble 2American Seed & Oil Company Benchmarks its Consumer Product Development Strategy Against Proctor & Gamble 3The Corporate Reputation of Pharma - The Global Patient Perspective in 2014 2
... Biopure Corporation,(Nasdaq: BPUR ) announced today that ... a new protocol for review by the Food ... trial of Hemopure(R),[hemoglobin glutamer - 250 (bovine)], or ... hemorrhagic shock without,availability of blood transfusions. The proposed ...
... Leukemia & Lymphoma,Society (LLS) and Memgen jointly announced an ... trial. The trial will use Memgen,s,ISF35, an active immunotherapy ... its alliance with LLS, Memgen plans to begin a ... patients who have 17p-, refractory or,resistant CLL with limited ...
Cached Medicine Technology:U.S. Navy Submits Protocol for Field Trauma Trial of Hemopure(R) 2U.S. Navy Submits Protocol for Field Trauma Trial of Hemopure(R) 3The Leukemia & Lymphoma Society and Memgen Collaborate on CLL Clinical Trial 2The Leukemia & Lymphoma Society and Memgen Collaborate on CLL Clinical Trial 3
... DRE-200 ESU units use dedicated digital hardware ... processing data. This hardware allows parallel data ... throughput, measuring tissue impedance 5000 times per ... digitally, being converted to analog only in ...
... Mitek is the Market leader in soft ... Suture, DePuy Mitek has developed the latest ... open shoulder repair. ORTHOCORD Suture is as ... the market. Most importantly, ORTHOCORD Suture handles ...
... surgical gloves were designed with the surgeon ... barrier protection, and value. It offers comfort ... and dry hands. The broader, anatomical design ... micro-rough surface offers sensitivity and an effective ...
The Next Generation in Operating Room Equipment and Management Solutions is here Today. NuBoom is a self-contained, pedestal-mounted boom that houses medical, audio and visual equipment....
Medicine Products: