Estate Planning

Questions About Estate Tax

It’s a Done Deal!

by Rania Combs

NB: This article was published on December 17, 2010 and contains information that may be outdated. For current information regarding the estate tax, read: Estate Tax Certainty…For Now.

Last night, members of the House of Representatives approved the agreement reached between Republicans and President Obama, which temporarily extends Bush-era tax cuts for all Americans and sets the estate tax exemption amount at $5 million and the tax rate at 35 percent for individuals passing more than that to their heirs. The bill now heads to President Obama for his signature.

About Rania

Rania graduated magna cum laude from South Texas College of Law Houston and is the founder of Rania Combs Law, PLLC. She has been licensed to practice law since 1994 and enjoys helping clients in Texas and North Carolina create estate plans that give them peace of mind.

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