• New Federal Estate Tax and Gift Tax Legislation
  • February 7, 2011 | Authors: Kevin C. Curry; Carey J. Messina
  • Law Firm: Kean Miller LLP - Baton Rouge Office
  • After a long delay, Congress has passed and President Obama has signed into law the new federal estate and gift tax legislation. It has been very difficult for some individuals to prepare an appropriate estate plan not knowing what the potential federal estate and gift taxes will be. For the next two years, 2011 and 2012, there is some certainty. Parts of the new legislation may not impact everyone, but questions always abound concerning "death taxes". Now is an excellent time to review your estate planning documents to determine whether or not they continue to carry out your intentions.