Wednesday, October 10, 2012
THE TIME IS NOW - THE END IS NEAR!!
This title could be read on a poster in the stands at a football game, or on a sandwich board worn by a person on the streets in a big city. I do not mean to sound like a religious fanatic. What I am referring to is that this is the last few weeks of your lifetime wherein the $5 million lifetime gift tax exemption is available for estate planning (that we know of). We have “blogged” about this topic before, so I’ll spare our loyal readers from any more of my comments on this. But I will provide you a link to a great article that accurately discusses why there is very little time left to delay if a person intends to make a gift during this calendar year. Please read this free article from the Wall Street Journal written by Mr. Charles Passy.