On December 17, 2010, the
President signed into law the Tax Relief,
Unemployment
Insurance Reauthorization and Job Creation Act of 2010
(the "2010 Tax Relief Act."). Under prior law, the
estate tax had been eliminated for decedents
dying in
2010 and was scheduled to return on January 1, 2011 with
an estate tax exclusion of $1 million and a top tax rate
of 55%. Some opportunities require
action before 2011.
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