Renewed interest in federal estate tax

 

Source: Eileen Ambrose, Baltimore Sun ( Free Registration )

Baltimore lawyer Kenneth Aneckstein has had a few mega-millionaire clients die in recent months. That means their families are expected to save millions of dollars because the federal estate tax no longer exists — at least for now.

But Aneckstein warns heirs to keep some money on hand for the IRS, just in case. After all, Congress could pass an estate tax and make it retroactive to the beginning of the year. “We’re not out of the woods yet,” he says.

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taxes, headlines, wealthy, estate tax

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