2010: The Anatomy of a Train Wreck

05.01.2010
Estate Planning Magazine
Article

The 2010 train wreck was placed on the tracks in 2001, when Congress passed EGTRRA and included a one year repeal of the estate and GST taxes and introduction of a modified carryover basis regime in 2009, followed by a sunset provision that caused reversion to pre-EGTRRA law on 1/1/2011. Unfortunately, Congress did not change the law, and the train wreck that was never supposed to occur did. At least four major factors are complicating the estate planner's life now. Click on the attached pdf to read the full version of the article.

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