No Estate Tax in 2010….Is There a Catch? Maybe
At the stroke of midnight on January 1, 2010 we were given a sort of gift by Congress-no Federal Estate Tax. As you may know, the estate tax has been on the books for years taxing the estates of deceased individuals with more than $3.5-million dollars. In fact, couples with more than seven-million dollars were also taxed upon death before any of the assets went to the heirs.