I was returning from a WealthCounsel'Planning for the Generations' annual symposium yesterday where I had the opportunity to teach a group of lawyers a bit about firearms law. On the plane ride home, I sat next to a Division President for a regional management company of Homeowner and Condo Associations.
Will the Bush tax cuts expire on December 31, 2012? Will they be extended for all taxpayers or discontinued for top earners? The current estate and gift tax rates are also due to expire. What we have for the next few months is an historic opportunity in estate planning.