President’s Budget Proposal Provides Insight

Last week President Obama introduced his fiscal year 2013 budget proposal.  While this budget is unlikely to pass in its current form, the proposals give insight into what some government officials are considering for future tax policy.

We have reviewed the President’s proposal and put together a brief summary of some key areas that could…


Opportune Time for Estate and Gift Planning

The federal estate, gift and generation-skipping transfer (GST) tax rules approved by Congress in December, 2010 are in effect during 2011 and 2012 only.  The Treasury Department announced in February 2011 that President Obama’s 2012 budget proposals presume several important changes in the rules that will take effect on January 1, 2013.  In “General Explanations…