Tuesday, August 11, 2009

Another scenario for estate taxes

North Carolina Estate Planning Blog has suggested, based upon insider reports, that because health care reform has consumed so much of the Senate's time, the clock will run out on estate tax reform this year. In December Congress will enact a one-year patch of the estate tax, preventing its suspension next year. Then, if Congress does nothing more, a real possibility given all the partisanship, we will drop back to a $1 million exemption in 2011 and all later years, just in time to provide much needed debt service.

Which would leave in place the incentive to "pull the plug" on elderly patients in 2010—and that would save on health care costs!

Makes sense to me.

No comments: