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The sun is potentially setting on the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. If the law expires as expected January 1, 2013, some estate planning and gifting opportunities will no longer exist. The options still available prior to the New Year will be the focus of a complimentary seminar presented by Chambliss attorneys Mark Addison, Ryan Barry, Dana Perry, and Greg Willett.
Federal and Tennessee Gifting Opportunities
An overview of the current lifetime gifting options provided by the 2010 Tax Act and the changes if Congress does not extend the 2010 Tax Act by the end of 2012.
Spousal Lifetime Access Trusts ("SLATs")
An overview of the use of Spousal Lifetime Access Trusts and other common techniques for capturing the current $5.12 million federal unified credit prior to its potential expiration on January 1, 2013.
The New Landscape of Gift and Inheritance Taxes in Tennessee
A discussion on the new laws affecting the Tennessee gift and inheritance taxes along with a discussion of potential pitfalls Tennessee residents may face when dealing with these issues.
Differences in Federal and Tennessee Gift Tax Structure
Practical examples illustrating how the two tax structures differ and what it means for you.