Overview Of The Tax Relief Act - Glenmede

Wendy Connett

22 December 2010

Lisa Whitcomb, managing director, Wealth Advisory Services at Glenmede, has penned an overview of the Tax Relief Act and what it means to individual investors.

In addition to outlining the highlights of the Act, Whitcomb points out how it will affect income, estate and gift planning for 2010.

“Make gifts to grandchildren,” she recommends. “There is no urgency to make special gifts before year-end unless you have been planning a gift of more than $5 million to take advantage of the GST 0 per cent tax rate for 2010. The gift tax exemption for 2010 is still $1 million not $5 million. “

You can read the document here.