U.S. Treasury Announces President Obama’s 2013 Budget and Proposed Estate Tax Law Changes

A special thank you to Robert Keebler of Keebler & Associates, LLP for the heads up that the U.S Treasury just released its FY2013 Greenbook, which provides an explanation of the Administration’s revenue proposals for Fiscal Year 2013. The Administration’s FY2013 budget proposes tax policy to boost growth, create jobs and improve opportunity for the middle class. In particular, as estate planning professionals, we are all extremely interested to see what is going to happen with the current Federal Estate Tax Exemption Amount, which is set to revert back to $1 million in 2013. According to this bill, the estate…