Trusts and Estates > Estate Planning > Death Tax Compromise?

Death Tax Compromise?

Jul 1, 2005 12:00 PM, Rorie M. Sherman Editor in Chief

By: Rorie M. Sherman Editor in Chief

As T&E was going to press, the wealth management community was buzzing with reports that Republican and Democratic Senators were working on new estate tax reforms. Kristen French, reporter for T&E 's sister publication, Registered Rep, investigated. She reports that compromise is in the air. Republicans are backing away from permanent repeal. Democrats are entertaining higher exemptions and lower rates.

Still, the devil is in the details. The Republicans were talking about a $10 million per person exemption with a 15 percent tax rate for what remains in the estate. The Democrats seemed to be more comfortable with an exemption of $3 million to $5 million per person and a tax rate of about 35 percent.

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Trusts & Estates is the town center where experts who serve the planning needs of the ultra-wealthy gather to gain insight into their specialties and to learn about related professions. Community members include estate-planning lawyers, corporate and individual trustees, financial planners, accountants, investment advisors, charitable giving specialists, family office executives, insurance agents, valuation experts and the like....More about us

Rorie Sherman, Editor in Chief

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