As of yesterday it appears that the President and Congress have reached a deal on a wide variety of tax issues. For the purposes of life insurance and estate tax the latest and most important news is the end to the repeal of estate tax and clear guidelines moving forward.
I’ve been following this closely for the last two years, watching, waiting, wondering how it would all shake out. My personal opinion is that no matter what party you belong to or believe in, this agreement is good news.
http://hinermangroup.com/blog/insurance/estate-planning-life-insurance-finally-has-some-direction/
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Death Tax/Estate planning is always a massive issue that galvanises both Democrat and Republican foot soldiers in America for reason I don’t really understand, and it’s all started again. I swear Obama trying not to get re-elected sometimes, the only way that will happen I sometimes think is if Sarah Palin becomes the Republican nominee.
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