2011 – 2012
Estate Tax: $5 million
Annual Gift Tax: $13,000
Lifetime Gift Tax: $5 million
Generation Skipping Transfer Tax: $5 million
2010
Estate Tax: Option to apply either 2011 rules or 2010 rules (Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010–see Newsletter #9 for details).
Annual Gift Tax: $13,000
Lifetime Gift Tax: $1 million
Generation Skipping Transfer Tax: $3.5 million
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