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Practice Areas > Tax > Estate Tax Planning

The estate tax can take almost one-half of an estate without proper planning. Under current law, the scheduled estate tax rates and exemptions are as follows:

Year	Top Gift & Estate Tax Rate	Gift Tax Exemption Amount	Applicable Exclusion Amount	GST Tax Rate	GST Exemption Amount
2006	46%	$1 million	$2 million	46%	$2 million
2007	45%	$1 million	$2 million	45%	$2 million
2008	45%	$1 million	$2 million	45%	$2 million
2009	45%	$1 million	$3.5 million	45%	$3.5 million
2010	0 estate tax / 35% gift tax	$1 million	N/A	0	N/A
2011 and beyond	55%	$1 million	$1 million	55%	$1 million (inflation adjusted)

We have extensive experience planning in this ever-changing rate and exemption environment. We can show you a range of estate tax planning techniques, from traditional planning all the way to aggressive plans that can significantly reduce the estate tax burden.

Business owners in particular should be concerned about the estate tax on the ability to keep a business within a family. We can show business owning families many techniques that will allow businesses to be kept within a family.


To learn more about the tax practice of Clark Skatoff^PA, please call 888-752-8633 or send one of our lawyers an email.