“New Perfect Storm” conditions lead to huge estate tax savings....
In the world of advanced estate planning there existed a “Perfect Storm” from 2008-2010. A perfect storm in the sense that conditions were ideal for transferring ones estate to the next generation at an incredibly low gift and estate tax cost due to historically low federal interest rates and extraordinary low asset values.
Today, or more specifically from 2011-2012, we have a “New Perfect Storm” and this new perfect storm is even more favourable than the first “Perfect Storm”. Conditions that existed before are even better today (from an estate planning point of view).
In a perfect estate planning world, the time to transfer your assets and to lower estate and gift taxes is now. Why? It is a rare thing that that these favorable conditions all exist at the same time and one by one each of these favorable conditions will go away. When that happens, and depending on the size of your estate your tax obligations could increase by millions of dollars. If you would like to know more read our article “New Perfect Storm”.