Keep an eye on the Obama Administration budget proposals as there are several provisions which may affect estate planning.  For example, there is a provision which would reduce the $5 Million federal estate tax exemption to $3.5 Million – the 2009 level.  Stay tuned!

http://www.treasury.gov/resource-center/tax-policy/Documents/General-Explanations-FY2015.pdf

Mr. Amoruso concentrates his practice on Elder Law, Comprehensive Estate Planning, Asset Preservation, Estate Administration and Guardianship.