The 2010 Tax Act’s Impact on Estate Planning and Administration: Making Sense Out of the Confusion

Making Sense Out of the Confusion

January 12, 2011

Under a new U.S. law, individuals and their fiduciaries and advisors have an opportunity to minimize estate, gift, and GST taxes while maximizing the amounts passing to family members, charity, or other beneficiaries. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the “2010 Tax Act”) made significant changes to these taxes for 2010, 2011, and 2012 – changes that present both challenges and opportunities for those looking to take advantage of the law.

McGuireWoods’ white paper The 2010 Tax Act’s Impact on Estate Planning and Administration: Making Sense Out of the Confusion provides individuals and fiduciaries and their advisors with practical knowledge and tools for U.S. estate planning and administration, including:

  • Information needed to better understand the changed environment and the obstacles and opportunities it presents
  • An understanding of the impact of the 2010 Tax Act by examining its history and provisions
  • Steps that can be taken with respect to lifetime gifts made in 2010 in light of the new law, and recommendations for taking advantage of the favorable environment in 2011 and 2012 to make lifetime gifts using all of the techniques available

A note about printing: This comprehensive white paper is 57 pages long.

McGuireWoods Private Wealth Services

The McGuireWoods Private Wealth Services Team stands ready to help clients and their advisors obtain estate planning results that benefit themselves and their families from both a tax and non-tax perspective. Private Wealth Services is ranked by Chambers and Partners, the international rating service for lawyers, as one of two top-band private wealth services practice groups in the country. Our professionals throughout the United States and in London are dedicated to estate planning and the analysis of related tax and fiduciary issues. Please click here for a full listing of Private Wealth Services lawyers and their locations.