In case you haven’t heard, the New Year brought a new law recently signed by the President. To avoid the country from falling off the “fiscal cliff,” the “American Taxpayer Relief Act” was approved on New Year’s Day.

There are only a few days left before the clock strikes midnight on December 31st and the tax law changes. Or will it?

Congratulations to our own Dean R. Hedeker, who was recently named a 2010 FIVE STAR Wealth Manager and featured in the November issue of Chicago Magazine, in recognition for his work as the principal of Hedeker Wealth.

On December 17^th, Congress revised the estate tax with a new law, TRA 2010, that sets the exclusion amount at $5 million per person for 2010 – 2012. However, this temporary adjustment to the estate tax exclusion disappears in 2013, and returns with an exclusion of $1 million per person. Read more about how the estate tax revision under TRA 2010 will affect your estate plan, regardless of whether you have a taxable estate.

This week’s latest estate tax update is collected by the Cut Your Tax team. The continuing saga is being likened to a Hollywood movie while one politician warns that a drama that’s more Greek tragedy is brewing in Wyoming. If you are an Illinois resident with an estate to protect, please give us a call to schedule a free consultation. (800) 201-9250.

This week’s latest estate tax update is collected by the Cut Your Tax team. While no politicians are interested in dwelling on estate tax issues, the topic is coming up in debates this week. If you are an Illinois resident with an estate to protect, please give us a call to schedule a free consultation. (800) 201-9250.

This week’s latest estate tax update is collected by the Cut Your Tax. News this week includes debates on how the tax will or will not affect society in the long run. Will the tax cause fewer jobs? Motivate heirs? Hurt charities? If you are an Illinois resident with an estate to protect, please give us a call to schedule a free consultation. (800) 201-9250.

This week’s latest estate tax update is collected by the Cut Your Tax. News this week includes an expanded view of how life insurance and gift taxes can affect the estate tax situation. If you are an Illinois resident with an estate to protect, please give us a call to schedule a free consultation. (800) 201-9250.

This week’s latest estate tax update is collected by the Cut Your Tax team for the week of October 3rd. News this week includes tough questions for political candidates on estate and other Bush-era tax issues: some are answering, and some are not. If you are an Illinois resident with an estate to protect, please give us a call to schedule a free consultation. (800) 201-9250.

This week’s latest estate tax update is collected by the Cut Your Tax team for the week of September 26. News this week includes some debate on how influential in politics the “rich minority” really are and how farmers, non-US citizens, and other non-traditional “elite” are planning for the worst case scenario. If you are an Illinois resident with an estate to protect, please give us a call to schedule a free consultation. (800) 201-9250.