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Feb
01

I hear that the estate tax was repealed on January 1, 2010. What happened? What should I be telling my planned giving donors? Did this take away the main reason for donors to do estate planning?

What has Congress done?  (Or how could they just sit by and do nothing?)  I hear different versions of this question from a wide variety of people.

One article on a planned giving website starts with, “It’s an extraordinarily uncertain time …”  One boilerplate publication sent by nonprofits ends with, “… the estate tax litigation over 2010 law may last for the next decade.”  Some people in our profession may be trying to fan the flames of hysteria.  Do you want to be one of them?  Does hysteria encourage anybody to put together a good estate plan?

Here’s the short version of what happened, in plain English:  Read more »