Put This Gift Horse to Work… While You Still Can
Making the most of a gift horse
According to the old adage, “don’t look a gift horse in the mouth,” it is a faux pas to inspect a gift for its worth, but rather one should appreciate the value the gift brings to the recipient. In keeping with this concept, wealthy taxpayers can take a similar approach to considering a recent “gift” from the federal government — an opportunity to transfer wealth through the end of 2012 under a “relaxed” statute courtesy of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the “2010 Act”)
Making the most of a gift horse: Put this gift horse to work… while you still can is the second in a series of three articles that examines the current wealth transfer environment under the 2010 Act. In it, we highlight a few possible planning opportunities and considerations that you and your advisors may want to explore while you can still put this gift horse to work.
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