DALLAS, TX, August 24, 2011 /24-7PressRelease/ -- Estate planning is still in a state of flux; in 2012 the estate tax rate is set to go up to 55%, the amounts that were in place before 2001. Also after 2012 the $5 million exemption for gift and estate taxes is also scheduled to decrease to 1 million dollars. As of right now individuals can gift away up to 5 million dollars of assets free of estate taxes, this amount is 10 million for married couples if one wanted to use up there exemption during life. Once a donor makes a completed gift the income and appreciation from these assets are no longer in the donor's estate. Individuals can each give $13,000 per year to any individual and not use up your lifetime gift tax exemption.
We started QuadCap Wealth Management, LLC to focus on a highly personalized comprehensive counseling program that is driven by dedicated personal service. Our firm provides in depth comprehensive financial counseling that covers all areas of your financial affairs, such as employee benefits planning, tax planning and preparation, asset allocation strategies, estate planning and wealth transfer strategies, as well as risk mitigation strategies.
Website: http://www.quadcapwm.com
# # #