Henderson Office: 702.433.4455
Las Vegas Office: 702.254.4455
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The Definition of Permanent

by: 
Law Firm of Jeffrey Burr

In January and February of this year we blogged about the changes to the estate tax.   We may have even used the term ”permanent” in our January post.  Please forgive us.  While it’s true that the estate tax laws that were passed on January 1, 2013, do not contain an expiration date or sunset provision, the changes in the law are permanent  only as long as Congress and the President leave the law unchanged.

Last week the Obama administration unveiled its budget proposal, and once again the estate tax is in the crosshairs of uncertainty.   President Obama’s proposed budget would decrease the estate tax exemption to $3.5 million starting in 2018 and would be indexed for inflation moving forward.  Furthermore, the estate tax would be increased from today’s 40% rate to 45%.

In addition to the foregoing, there are  other interesting proposals in the budget that would impact some of our estate planning techniques.  Accordingly,  we will be closely watching the proposed budget to see if any of  the changes make their way into a legislative bill this coming year.

Attorney Jason Walker

Henderson Office
2600 Paseo Verde Parkway, Suite 200
Henderson, NV 89074
Phone: 702.433.4455
Fax: 702.451.1853
Las Vegas Office
10000 W. Charleston Blvd., Suite 100
Las Vegas, NV 89135
Phone: 702.254.4455
Fax: 702.254.3330
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