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2010 Estate Tax Changes. With the signing of “The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010” ( “TRA 2010”) into law by President Obama on December 17, 2010, clients and their advisors alike, are no longer in the dark about estate planning, at least for the next two years.
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Following is a brief explanation of the major income tax provisions of the 2010 Tax Relief Act, with some commentary, and the estimated cost of each provision, where available.
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| The new tax law signed by the President on December 17, 2010 allows owners of IRAs and other “qualified” retirement accounts to make distributions to charity, excluding the distribution from taxable income. This revives the similar law that expired at the end of 2009.
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Welcome to Jeff Jones Law |
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Jeff Jones Law (Jeffrey W. Jones. P.A.) is a law firm practicing in the areas of estate planning, trusts, estates, probate and elder law, with attorneys licensed in Maine and Florida. We often work as a team with our client’s business, real estate or family lawyers, accountants, financial advisers or other professionals. When most people consider estate planning, “wills” is the first word that comes to mind. For many general practice law firms, that’s all there is to it. To us, estate planning is much more than just wills. As one of our clients recently put it: “a will is an instrument; but an estate plan is a symphony.” |
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Our website was completely redone in 2009 and will always be a work-in-process . Please let us know if you find a typo or other mistake, or if there is information you'd like us to add to the site.
Thank you. |
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For information about Jeff Jones Law, what we do, the people who work here, how we charge for our services, and where you can find us, click on ABOUT US.
For information about estate planning, click on ARTICLES.
For a Glossary of estate planning terms, links and other valuable information, click on RESOURCES. |
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