Current estate tax rules are scheduled to expire at the end of 2012. As a result, there is a strong possibility that estate taxes will change in 2013 – but no one knows how. This is an election year, and the political parties are sharply divided. Compromise, while always possible, seems unlikely. What does this mean for your estate plan?
In this report from Wells Fargo Advisors, we will:
- Review the tax rules in effect today
- Look at possible future outcomes (realizing that it’s impossible to predict what will happen)
- Consider how individuals at different net worth levels might approach estate planning during 2012