If you were making bets today, what kind of bets would you make regarding the estate tax 10 years from now? 20 years from now?
I'm in the camp that believes the government will need money in the future and that this is a low hanging fruit for them to pursue. I also think that with the next round of adjustments, an additional change to step-up in basis will be on the table. With that in mind, I predict they'll "lock in" something around $25M or a bit lower, and that they'll do away with automatic step-up on things like stock but allow it for a homestead or limited amount of real estate holdings.
Your predictions?
I'm in the camp that believes the government will need money in the future and that this is a low hanging fruit for them to pursue. I also think that with the next round of adjustments, an additional change to step-up in basis will be on the table. With that in mind, I predict they'll "lock in" something around $25M or a bit lower, and that they'll do away with automatic step-up on things like stock but allow it for a homestead or limited amount of real estate holdings.
Your predictions?