If Estate Tax Repeal Is Enacted Soon, Will It Stick?

Published Tuesday, October 24, 2017 at: 7:00 AM EDT

As the drumbeat for tax reform grows louder, the chances that the federal estate tax will be repealed increase. Although there are no guarantees, especially in the current political environment, a repeal taking effect by 2018 is a real possibility. But this doesn't mean estate tax planning should be abandoned—far from it. In fact, if history is any indication, an outright estate tax repeal isn't likely to be permanent.Take the example of the monumental tax legislation enacted in 2001, the Economic Growth and Tax Relief Reconciliation Act (EGTRRA). Under EGGTRA, among other related changes, the estate tax rate was gradually reduced...

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This article was written by a professional financial journalist for new michael mcdonald and is not intended as legal or investment advice.

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