Urgent! An Estate Tax Break Made for You

By Virginia A. McArthur, Molly B. F. Walls & Richard S. Franklin

Many have heard about the $5 million federal gift tax exemption but few believe it affects them. Even if you do not have a federally taxable estate, large gifts in 2012 will remove the appreciation on the transferred assets from your estate and may lead to substantial state estate tax savings, particularly for D.C. and Maryland residents.

Read Full Article