The 2010 Tax Act offers unparalleled tax benefits for gifting, generation skipping transfers, and estates. This presentation details these benefits, which are set to expire on January 1, 2013.

2. 2010 TAX ACT COUNTDOWN
THE CLOCK IS TICKING…
The 2010 Tax Relief Act, which offers very
beneficial treatment of gifts, generation-skipping
transfers and estates, is set to expire at year-end.
Wills & Estate Planning  Probate & Administration
Tax Planning  Business Succession  Charitable Gifts

3. 2010 TAX ACT COUNTDOWN
EXCLUSIONS WILL DROP SHARPLY
• Lifetime Gift Tax and Estate Tax exclusions
from $5.12 million to $1 million each.
• Generation Skipping Transfer (GST) Tax
from $5.12 million to approx. $1.3 million.
Wills & Estate Planning  Probate & Administration
Tax Planning  Business Succession  Charitable Gifts

4. 2010 TAX ACT COUNTDOWN
TAX RATES ARE INCREASING
Gift tax rates, when payable, are currently at
35%. In 2013, the rates will rise to a marginal
rate of 55% for estates of more than $3M
and a flat 60% rate for estates above $10M.
Wills & Estate Planning  Probate & Administration
Tax Planning  Business Succession  Charitable Gifts

5. 2010 TAX ACT COUNTDOWN
STEPS YOU CAN TAKE
• Increase size and number of gifts
• Use gifting techniques effectively
• Seek professional advice for assistance
Wills & Estate Planning  Probate & Administration
Tax Planning  Business Succession  Charitable Gifts