President Obama is proposing tax changes. People that do their estate planning in Northwest Arkansas should watch this carefully. It is my opinion that Congress will not support such radical changes to the estate tax structure, at least not all at once. But, over time, this may come to fruition.
News Story:
President Barack Obama is proposing a fundamental change in tax policy that would limit what many Americans can leave to their heirs. The change would affect billionaires — as well as people who aren’t wealthy enough to pay estate taxes, if their assets have gained sharply enough in value.
via Inheriting Grandma’s House Comes With Tax Under Obama Plan – Bloomberg Business.
from DeWitt Law Firm, PLLC http://ift.tt/1LnAEaf
from DeWitt Law Firm, PLLC
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