Attorney Carl D. Holborn gave a presentation on the status of the Federal Estate Tax at the Corporate Casual meeting on February 23rd at the Milwaukee Bar Center. The presentation gave a summary of the mechanics of the tax, a history of the tax, the current status of the tax, and commentary on what might happen in the future. The Federal Estate Tax has been temporarily repealed, but returns in 2011 with a low exemption of $1.00 million. There is much speculation and uncertainty about what Congress will do which makes estate planning very uncertain.
Corporate Casual is a group of bankers, accountants and lawyers who meet on a monthly basis to network and exchange ideas. To learn more about Corporate Casual go to corporatecasual.org.