Estate Planning Alert!
The status of the federal estate tax is uncertain. Based on a law passed in 2001, the tax was eliminated for 2010 but returns January 1, 2011, with an exclusion of only $1 million. Many wills were drafted referring to distribution based on the Federal Estate Tax law. If your will was, the result now could be radically different than what you intended. We recommend clients review their wills and if they find such language, they contact an attorney at Peacock Keller.
Peacock Keller, LLP • 70 East Beau Street • Washington PA 15301 • 724-222-4520