Estate Tax Won’t Be Repealed This Year, Predicts Top Estate Tax Attorney

Here's an interesting article I came across explaining why the Federal Estate Tax probably won't be revoked this year and, perhaps, not any time real soon. Take a look.

Estate Tax Won’t Be Repealed This Year, Predicts Top Estate Tax Attorney
January , 2017 • TED KNUTSON

Despite promises by President Donald Trump and Congressional Republicans, the estate tax won’t be repealed this year, a top estate tax attorney told a seminar in Washington, D.C., Thursday.

The enormous complexity of ending or altering the tax and the fact that many Trump voters don’t care because they are not wealthy enough to pay it bodes against repeal, said Ron Aucutt, former president of the American College of Trust and Estate Counsel.

“Congressional leadership will spend political capital elsewhere,” predicted Aucutt, who served on the Internal Revenue Service Advisory Council from 2015 to 2016.

The attorney said he doubts new Trump leadership in the Treasury Department and the IRS will impact estate planning.

“Most of the rules that affect estate planning are written by career IRS employees who are not political appointees and don’t have political agendas,” Aucutt said at a Washington, D.C., Bar Association meeting.

 

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Attorney Welling received his undergraduate degree in Journalism and Communications from Point Park University in 1986 and his law degree from Duquesne University School of Law in 1992. He started the law firm of American Wills & Estates in 1997 and has practiced exclusively in the areas of Probate Estate Administration, Estate Planning and Real Estate law since that time. When not working, Lloyd can be found cheering on the Steelers, Penguins and Pirates; golfing… badly, or walking his three rescue dogs up and down the hills of Mt. Washington.

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