By: David R. Schoenhaar, Esq.*
If you are currently planning for clients to use the
historically high gift tax exemption amount before the end of the year, you are
becoming acutely aware that time is running out. Whether it is the appraisal
signed by President Obama on December 17, 2010 extending the Bush tax cuts
includes provisions that significantly change the Federal estate, gift and
generation-skipping transfer ("GST") tax regimes. Specifically, the new...