Estate Tax Planning?: The "death tax" wasn't repealed, but with higher exclusions will it apply to your estate?

McKimmie, Kathy
August 2006
Indiana Business Magazine;Aug2006, Vol. 50 Issue 8, p37
The article discusses the H. R. 5638 bill called the "Permanent Estate and Gift Tax Relief Act of 2006" in the U.S. According to Regina Smith, senior vice president and senior fiduciary officer at National City Bank in Indianapolis, Indiana, the bill would reunify the estate tax, gift tax, and generation skipping tax. Jay Benjamin, partner at Katz Sapper & Miller in Indiana, believes that lesser estate planning is needed since the exclusion levels are rising and fewer people are affected.


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